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

Monday, 01 Aug 2011 07:52 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ruddy: Pat Buchanan Discovers the GOP 'Comeback' in Nixon

Tuesday, 22 Jul 2014 13:46 PM

I just finished reading Pat Buchanan's new book about Richard Nixon and his surprise 1968 “comeback” win for president. . . .

Hatch’s Conditions on Inversion Law Spotlight Partisan Gap

Tuesday, 22 Jul 2014 13:37 PM

Legislation to deter U.S. companies from moving their addresses overseas should avoid retroactive taxes, prevent a net t . . .

Report Finds Islamic Plot to Control UK Schools

Tuesday, 22 Jul 2014 13:35 PM

A British government investigation found evidence Tuesday that Muslim fundamentalists successfully gained control of som . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved