GOP-Controlled House Defeats Debt Ceiling Increase
By Rick Pearcey • June 1, 2011, 06:30 AM
By a vote of 97 to 318, "legislation to raise the U.S. debt limit by $2.4 trillion failed to win House approval today in a vote Democrats said was rigged to ensure its defeat," according to a Bloomberg News report published at Newsmax.
"Republicans who control the House last week announced the vote as a way to demonstrate that lawmakers don’t support extending the $14.3 trillion debt limit without an agreement with President Barack Obama’s administration on significant spending cuts to curb government spending."
