House votes to formally disapprove of debt ceiling hike

The House voted 232 to 186 Wednesday to formally disapprove of President Obama's recent action to raise the nation's debt ceiling by $500 billion, a vote that had no practical impact but allowed Republicans to once again express their displeasure at government borrowing.

The procedure leading to the vote was an arcane bit of the August debt deal, designed to technically transfer the responsibility for raising the debt ceiling from Congress to the president. While the deal allowed for the debt limit to rise, it required that the president take action to formally lift it. It then allowed for Congress to vote to reject his action.

Read full article >>

Philip Rucker 15 Sep, 2011

--
Source: http://feeds.washingtonpost.com/click.phdo?i=96e7c38b94885fbce9b60817c17b275c
~
Manage subscription | Powered by rssforward.com