KBTX - Money - Headlines

House to Vote on Debt Limit Next Week

By: Associated Press
By: Associated Press

Republicans intend to stage a vote in the House next week on legislation to raise the nation's debt limit without requiring spending cuts, a measure expected to fail.

A spokesman for Majority Leader Eric Cantor says the vote will take place at the behest of Democrats. The spokesman, Brad Dayspring, says Democrats have been all but ignoring the nation's debt crisis.

But Republicans rarely if ever schedule votes at the behest of minority Democrats. And GOP officials say privately that numerous members of their own rank and file want the chance to vote no on raising the debt limit before being called upon to approve an increase later.

Treasury Secretary Tim Geithner has said Congress must raise the current limit, which is $14.3 trillion, by Aug. 2.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 122507234 - kbtx.com/a?a=122507234