Washington – House Passes Bill To Delay Debt Ceiling

    0

    Speaker of the House John Boehner, R-Ohio, and the House GOP leadership speak to reporters after a closed-door meeting on avoiding a potential debt crisis, at the Capitol in Washington, Tuesday, Jan. 22, 2013. (AP Photo/J. Scott Applewhite)Washington – The House has passed a bill to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes, spending and the deficit.

    Join our WhatsApp group

    Subscribe to our Daily Roundup Email


    The House passed the measure by a 285-144 vote, a bipartisan showing on an initiative brought by majority Republicans. The GOP is backing away from its previous demand that any increase in the government’s borrowing cap be paired with an equivalent level of spending cuts.

    Senate Democratic Leader Harry Reid said the chamber would immediately move to advance the legislation to the White House, which has announced that Obama would sign it.


    Listen to the VINnews podcast on:

    iTunes | Spotify | Google Podcasts | Stitcher | Podbean | Amazon

    Follow VINnews for Breaking News Updates


    Connect with VINnews

    Join our WhatsApp group