Congress Approves $1.9 Trillion Debt-Limit Increase (Update1) The U.S. Congress approved increasing the federal debt limit by $1.9 trillion, to $14.3 trillion, enough to prevent lawmakers from having to raise it again before November’s midterm elections. The House voted 233-187 today to send the increase to President Barack Obama for his signature. The hike is [...]
Filed under: Blog Entry | Tagged: 2010 Budget, 2010 Midterm Elections, Barack Obama, budget, Budget Deficits, Congress, Debt Ceiling, Democrats, Federal Budget, Federal Debt Limit, Fiscal Charade, John Tanner, National Debt, Paul Ryan, Pay As You Go, Pay Go, Pete Sessions, Republicans, U.S. House of Representatives, U.S. Senate | 1 Comment »
