Earlier today, the House of Representatives passed H.R. 325, the No Budget, No Pay Act of 2013. The legislation requires both houses of Congress to pass a budget, as stipulated by federal law. If either house fails to pass a budget, its members' pay will be withheld.
Upon passage of the legislation, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement:
"Government must pay its bills. To do that, we need to cut spending and to budget responsibly.
"Every family sets a budget to pay its bills. Congress should do the same. In fact, it's the law. In the past two years, the House has done its job. But for nearly four years, the Senate has refused to pass a budget. It can no longer shirk its duty. Now, both chambers must work together.
"The House will not consider another debt-ceiling increase unless the Senate passes a budget. We're not going to just keep raising the debt ceiling, either. We're going to take this opportunity to make a down payment on our debt reduction. And we're going to point our country in the right direction."