The House of Representatives was to take up Republican Speaker John Boehner’s plan for raising Washington’s dollar 14.3 trillion debt ceiling in the face of US Treasury warnings the government cannot pay all of its bills past August 2. AFP
House Debt-Limit Vote Sets Stage For Showdown — Bloomberg
The House of Representatives planned to vote today on a debt-limit increase proposal that confronts unified Democratic opposition in the Senate, setting the stage for a congressional showdown to avert a U.S. default.
House Speaker John Boehner of Ohio gained support among fellow Republicans for his plan to raise the debt ceiling after reworking the legislation to cut $917 billion over 10 years, more than his original approach. All 51 Senate Democrats and two independents signed a letter yesterday pledging to oppose the measure.
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