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House Calls Off Thursday Vote On Boehner’s Debt-Limit Plan

07/28/2011 8:56 pm 0 comments

Source: Catalina Camia / USA Today

The U.S. House called off a Thursday night vote on Speaker John Boehner’s plan to raise the nation’s $14.3 trillion debt ceiling, after GOP leaders failed to round up enough votes to pass the measure.

A Tuesday deadline is looming. The government could default on its financial obligations and not have enough money to pay its bills if Congress does not raise the nation’s borrowing authority.

The House stalled late into the night to buy more time for last-minute arm twisting on the Boehner plan, which would increase the debt limit but cut spending by a greater amount.

To read this article in its entirety visit the USA Today.

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