Tags: Debt Showdown | Senate

Senate Debt Bill Vote Set for Noon Tuesday

Monday, 01 Aug 2011 07:53 PM

 

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 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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

Japan Outraged as Video Purportedly Shows Hostage Beheaded

Saturday, 31 Jan 2015 23:05 PM

 . . .

Gov. Scott Walker Tops Iowa Poll After Freedom Summit Speech

Saturday, 31 Jan 2015 22:42 PM

A Des Moines Register poll shows Wisconsin Gov. Scott Walker at the top of the pack of potential 2016 GOP nominees ahead . . .

Rep. Peter King's Terror Plan: 'Find Them and Kill Them'

Saturday, 31 Jan 2015 20:35 PM

The beheading of Japanese journalist Kenji Goto is a further wake-up call to the world and to America that we're not de . . .

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