WASHINGTON (AP) - The House is kicking off its second session under GOP control by staging a politically-fueled vote against raising the government's borrowing limit by $1.2 trillion as permitted under last summer's bipartisan debt and budget agreement.
Under that law, supported by all of Congress' top GOP leaders, the debt ceiling is automatically raised 15 days after the president officially notifies lawmakers that the government is close to the current $15.2 trillion cap - unless Congress votes to deny the borrowing increase.
Wednesday's measure to block the debt increase is expected to pass easily. But it's a dead issue in the Senate, and Obama's veto power serves as a final guarantee that the increase will go through as designed and that the nation won't face another debt crisis like last summer's.
Enter your number for a chance to win great prizes! Message and data rates may apply 
|
