Contact Us

House Passes Debt Ceiling Increase

Debt
Photo by T.J. Kirkpatrick/Getty Images

The GOP-controlled House has backed away from a battle over the government’s debt cap and passed a measure extending Treasury’s borrowing authority with overwhelming support from President Barack Obama’s Democratic allies.

The 221-201 vote came hours after Speaker John Boehner announced that his fractured party would relent and not seek to add other items to the must-pass legislation.

Twenty-eight Republicans voted yes. The bill would permit Treasury to borrow normally for another 13 months and would diffuse the chance of a debt crisis well past the November elections.

Just Monday, Republicans suggested pairing the debt measure with legislation to roll back a recent cut in the inflation adjustment of pension benefits for working age military retirees.

Best of News Talk KGVO

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newstalkkgvo.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KGVO Club VIP quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KGVO Club VIP contests, events, coupons, presales, and much more delivered to you for FREE.