House Rejects Debt Bill

By: The Associated Press
By: The Associated Press

The Republican-led House has rejected a Senate
Democratic bill that would slash spending and avert a federal
government default.
The vote was 246-173. It was a pre-emptive vote in the
high-stakes political fight as the Senate still hasn't voted on the
measure from Senate Majority Leader Harry Reid. The measure would
raise the debt limit by $2.4 trillion while cutting spending by
$2.2 trillion.
The vote could set the stage for negotiations on a compromise
just three days before the Treasury says it will be unable to pay
all the nation's bills.
Debate on the measure was often testy and reflected the growing
frustration among lawmakers. House Democratic leader Nancy Pelosi
pleaded for an end to "this theater of the absurd" and said
"it's time for us to get real."


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Anonymous on Jul 31, 2011 at 02:49 PM
    Very doubtful... sorta like the Valley Road decision... wait & see. Seems like the RATS are starting to cave... Reid signs off off on debt limit depending on caucus approval... RAT compromise... yeah!
  • by George Location: Meridian on Jul 31, 2011 at 05:00 AM
    The Administration has the authority to order the Treasury to extend the August 2nd deadline.
  • by jboy Location: lafayette on Jul 31, 2011 at 04:48 AM
    I Tea Party will not crash and burn. It is starting to look like the USA will be Greece 2.
  • by Peabody Location: Valley Road on Jul 30, 2011 at 10:58 PM
    Close loopholes so that companies like GE have to pay taxes,take away gas companies gifts on one side and on the other cut benifits to those that have never paid a dime in taxes unless under 18. They could do something without hurting the small buisness owners and the elderly if they wanted to. Are these fools so stupid that they can't see they are hurting us all?
  • by leo Location: meridian on Jul 30, 2011 at 06:19 PM
    Looks like the tea party will crash and burn
    • reply
      by Anonymous on Aug 1, 2011 at 05:39 PM in reply to leo
      Not any time soon!
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