Obama Signs Debt Ceiling Measure Into Law

Saturday, 15 Feb 2014 05:48 PM

 

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

President Barack Obama has signed separate measures lifting the federal debt limit and restoring full cost of living benefits for military retirees.

Obama signed the bills into law Saturday during a weekend golf vacation in Southern California.

The debt limit measure frees the government to borrow the money it needs to pay bills, such as Social Security benefits.

Failure to pass it most likely would have sent the stock market into a dive.

Separate legislation passed in December would have held annual cost of living increases for certain veterans to 1 percentage point below the rate of inflation. The measure was an attempt to hold the line on the soaring costs of government benefit programs. Veterans groups and some lawmakers said cutting the benefits was a mistake.

© 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 This material may not be published, broadcast, rewritten or redistributed.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:
Retype 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
You May Also Like

NYT: Accounts Vary Widely on Key Elements of Ferguson Shooting

Tuesday, 19 Aug 2014 23:27 PM

A St. Louis County grand jury in Missouri will hear evidence on Wednesday in the shooting death of Michael Brown by a wh . . .

Lt. Gen. Honore to Ferguson: Put Down Guns, Let People Speak

Tuesday, 19 Aug 2014 22:39 PM

The police response to protests in Ferguson, Missouri, is just making things worse, and officers should put down their g . . .

Mother Mourns US Journalist Purportedly Beheaded by ISIS

Tuesday, 19 Aug 2014 22:28 PM

The mother of American journalist James Foley, who was purportedly beheaded by Islamic militants, said on Tuesday her so . . .

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