News

Aug 1, 2011 7:24 PM by Trovette Tottress

House passes debt-ceiling agreement

WASHINGTON (AP) - The House has passed legislation designed to keep the government from defaulting on its debts. The measure also
sets a course for reducing the federal deficit in the future. The Senate, where support is stronger, is expected to take up the bill on Tuesday, the deadline for Congress to act before the government loses its ability to pay all its bills. The 269-161 vote in the House came after Republican leaders spent the day urging recalcitrant conservatives to support the bill. The bill would raise the debt ceiling by more than $2 trillion and cut federal spending by a similar amount over the next decade. A special congressional committee would be set up to consider entitlement and tax changes.

»Comments

»Topics in this article

More News

Weather - Forecast
Story Photo

3 hours ago

Playing Dodgeball with Showers

Scattered showers and a few thunderstorms have developed across southern Colorado Saturday afternoon. The chance for rain will remain in the forecast...

Most Popular

Top Videos

1 2 3 4