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  • House torpedoes unconditional hike to $14.3 trillion debt ceiling

    06/01/2011 4:52:46 AM PDT · by Scanian · 30 replies
    The Hill ^ | 05/31/11 | Russell Berman
    The House overwhelmingly voted down an unconditional increase to the $14.3 trillion debt limit Tuesday, as the Republican majority delivered a symbolic rebuke to President Obama ahead of a meeting at the White House. The vote was 318-97, with 82 Democrats joining every Republican in rejecting legislation that would have authorized $2.4 trillion in additional borrowing by the federal government. Seven Democrats voted present on the legislation. House Republicans scheduled the vote, which occurred after the close of the American markets, to demonstrate to Senate Democrats and the White House that Congress would not increase the debt limit without significant...