RSSSenate OKs new debt limit, raised by $1.9T
From: The Washington Times | January 29, 2010
Acknowledging that the U.S. must continue to borrow to keep the government open, Senate Democrats on Thursday pushed through a $1.9 trillion increase in the nation's debt limit. The vote, along partisan lines, will boost the government's total borrowing power to a staggering $14.3 trillion. Just a day after President Obama called on Congress to freeze much non-defense spending in future years, Senate Democrats turned back a bipartisan amendment to the debt-ceiling bill that would limit all future domestic discretionary spending - in both defense and social programs - to 2 percent annual increases. But they did attach pay-as-you-go or ...
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