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Members of the House and Senate must adopt a budget resolution for FY 2014 by April 15, 2013. If either body does not, members of that body will have their pay put into an escrow account starting on April 16 and continuing until that body adopts a budget. Withheld pay will be released when a budget is adopted or at the end of the current Congress.
In addition, to ensure the complete and timely payment of the obligations of the U.S. Government, the statutory debt limit is temporarily suspended for the period between enactment and May 18, 2013 to allow Treasury to borrow to meet obligations that require payment during the period.
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