House Passes $2.1 Trillion U.S. Debt-Limit Increase Plan

Monday, 01 Aug 2011 07:52 PM

 

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Aug. 1 (Bloomberg) -- The House approved legislation to raise the U.S. debt limit by at least $2.1 trillion and cut federal spending by $2.4 trillion or more, one day before a threatened default.

The House voted 269-161 for the plan negotiated by leaders and President Barack Obama over the weekend. The measure goes to the Senate for a final vote planned tomorrow.

--With assistance from Lisa Lerer, Julie Hirschfeld Davis, Mike Dorning, Laura Litvan, Heidi Przybyla, Katarzyna Klimasinska, Brian Faler, Kathleen Hunter, Richard Rubin, Peter Cook, Julianna Goldman, Roger Runningen, Don Frederick, Mark Silva, Leslie Hoffecker and Tony Capaccio in Washington. Editors: Laurie Asseo, Robin Meszoly

To contact the reporters on this story: James Rowley in Washington at jarowley@bloomberg.net; Catherine Dodge in Washington at cdodge1@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

© Copyright 2014 Bloomberg News. All rights reserved.

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