Debt Ceiling Deadline Looms, Default At Stake (LATEST UPDATES)

Started by THP, Jul 30, 2011, 01:02 PM

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THP

Jul 30, 2011, 01:02 PM
The Senate has killed an effort by the House to raise the government's borrowing cap.Democrats and several Republicans killed the measure put forth by House Speaker John Boehner by a 59-41 vote Friday night, just minutes after it arrived from the House. Democrats opposed the measure because it would require another painful debt-limit debate early next year.More...

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