the WHITE HOUSEPresident Barack Obama

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The White House
Office of the Press Secretary
For Immediate Release

Statement by the Press Secretary on H.R. 325

On Monday, February 04, 2013, the President signed into law:

H.R. 325, the "No Budget, No Pay Act of 2013," which temporarily suspends the public debt limit until May 18, 2013; and provides for depositing payments for compensation of Members of either House of Congress in an escrow account beginning April 16, 2013, unless and until that House has passed a FY 2014 budget resolution.