Senate Debt Bill Vote Set for Noon Tuesday

Monday, 01 Aug 2011 07:53 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

WASHINGTON  — The Senate will vote at noon on Tuesday on a historic measure pairing an increase in the government's borrowing limit with promises of more than $2 trillion of budget cuts over the next decade.

Passage would send the measure to the White House for President Barack Obama's signature just hours before the deadline for a potential first-ever government default.

The House passed the bill by a 269-161 vote Monday night. It links an increase of at least $2.1 trillion in the government's borrowing limit with the promise of an equal level of spending cuts over the coming decade.

It will take 60 votes to pass the measure Tuesday under an agreement between Senate leaders.

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 This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  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.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rubio: Obama's Cuba Policy Change Will Not Lead to Freedom

Sunday, 21 Dec 2014 12:38 PM

Sen. Marco Rubio says he has no problem with changing policy with Cuba, but says he wants to do something that will brin . . .

McCain: Obama Doesn't Understand Hacks Are Warfare

Sunday, 21 Dec 2014 11:44 AM

Sen. John McCain, the incoming Chairman of the Senate Armed Services Committee, said President Barack Obama doesn't unde . . .

Mike Rogers: Obama Said 'Aloha' Instead of Acting on Sony Hackers

Sunday, 21 Dec 2014 10:01 AM

House Intelligence Committee chairman said on Sunday the United States has the capability to make it very hard for North . . .

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