Debt Limit Suspension Passes House
From Econintersect Combined RSS Feed
January 23, 2013 - 5:35pm
Econintersect: The House of Representatives has votes to suspend the debt limit ceiling until May. The vote was 285-144. The nays came from 33 Republicans who objected to giving up the GOP's strongest bargaining chip for spending reductions. More than half of the Democrats (111) voted against the measure because they objected to drawing out the budget uncertainty while the economy was still fragile.
The Senate has indicated it will approve the bill passed by the House and the president has said he will not oppose the bill.Read more »
January 23, 2013 - 5:35pm
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