Tags: Debt Ceiling

In Political Vote, House GOP Opposes New Borrowing

Wednesday, 14 Sep 2011 05:10 PM

 

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

WASHINGTON (AP) — The Republican-run House has weighed in against raising the government's borrowing limit by $500 billion, but the vote was really just a political show.

Legislation that President Barack Obama signed last month raised the debt limit by $400 billion immediately. A second increase, this time by $500 billion, was to take effect this month unless both the House and Senate voted to block it.

Last week senators defeated efforts to stop the $500 billion increase. So even though the House went on record Wednesday with a 232-186 vote against the second increase, the action had no real consequence.

GOP Rep. Tom Reed of New York says Republicans still wanted to make the point that they're serious about the issue. Democrats said it was a waste of time.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Three US Soldiers in Texas Plead Guilty to Smuggling Immigrants

Friday, 31 Oct 2014 16:01 PM

Three U.S. soldiers stationed at the Fort Hood Army post in central Texas pleaded guilty on Friday to smuggling immigran . . .

One Killed in Virgin Galactic Spaceship Test-Flight Crash

Friday, 31 Oct 2014 14:36 PM

Virgin Galactic's SpaceShipTwo craft suffered an "anomaly" during a test flight over California on Friday, the commerci . . .

GOP's Baker Riding Comfortable Lead in Mass. Gov. Race

Friday, 31 Oct 2014 14:33 PM

Republicans are set to recapture the governorship of Massachusetts, a deep-blue state dominated by Democrats at all leve . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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