Cantor: Congress Members ‘Will Have All The Time’ To Read the Debt Limit Bill

By Andrew Herzog | August 1, 2011 | 6:56 PM EDT

House Majority Leader Eric Cantor (R-Va.) (AP Photo)

( – House Majority Leader Eric Cantor (R-Va.) said today that every House member “will have all the time” to read the debt-ceiling legislation before voting on it sometime later today.

At the Capitol, asked Cantor whether he had the time to read the bill. Cantor said, “We will certainly have -- our Members will have all the time. It was posted last night at 1:45 a.m.”

Cantor's Republican colleague, Rep. Joe Walsh of Illinois, said, “I will finish up reading it this afternoon.”

In their Pledge to America, released in September 2010, House Republicans pledged to post the text of all bills online “for at least three days before” voting on them. The Pledge says: “We will ensure that bills are debated and discussed in the public square by publishing the text online for at least three days before coming up for a vote in the House of Representatives. No more hiding legislative language from the minority party, opponents, and the public. Legislation should be understood by all interested parties before it is voted on.”

This latest legislation, the Budget Control Act of 2011,  to raise the debt ceiling above $14.29 trillion, the Budget Control Act of 2011, was posted online at 1:45 a.m. on Monday. The House is expected to vote on the bill sometime on Monday evening.

The debt ceiling is the amount of money the federal government is allowed to borrow under the law. The current limit is $14.29 trillion. The new legislation would allow the government to borrow up to an additional $2.4 trillion, which would make it the largest debt limit increase in U.S. history.