Monday, August 1, 2011

News Alert: House Passes Debt Ceiling Bill

Breaking News Alert
The New York Times
Monday, August 1, 2011 -- 7:08 PM EDT
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House Passes Debt Ceiling Bill

The House of Representatives approved the debt ceiling bargain negotiated over the weekend by President Obama and leaders from both parties, sending the measure to the Senate and final approval that could come Tuesday.

Many Democratic lawmakers voted no on the measure, joining dozens of Tea Party-backed Republicans in calling it a bad deal for the country. But the complicated legislation to raise the debt ceiling by $2.4 trillion earned the support of members from both parties to win approval.

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