The House on Wednesday passed the "No Budget, No Pay Act," a Republican bill that would effectively defuse the debt ceiling threat for several months. The bill would let the Treasury Department borrow new money until mid-May. In exchange, the legislation would require lawmakers in both chambers of Congress to pass a budget resolution or have their pay withheld until they do. The vote was 285 to 144, largely on the back of Republican support. Most House Democrats spoke out against the bill. Minority Leader Nancy Pelosi called the salary provision a "joke" and Minority Whip Steny Hoyer called the bill a "political gimmick" that perpetuates uncertainty. But other leading Democrats said they would support the bill because it takes the immediate threat of default off the table and divorces the debt ceiling from Republican demands…