The US House of Representatives has passed by 269 votes to 161 a last-gasp deal to avoid a federal debt default. The legislation must now be passed by the Senate and approved by President Barack Obama to become law. It would raise the debt ceiling by up to $2.4tn (£1.5tn) – from $14.3tn – and make savings of $2.3tn over 10 years. There were cheers as Congresswoman Gabrielle Giffords made her first appearance on Capitol Hill since she was shot in Tucson in January. After months of bitterly partisan deadlock, House Republican and Democratic leaders swung behind the bill on Monday, ratifying a deal sealed the…
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on August 1, 2011. Filed under News.
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Posted by
on August 1, 2011. Filed under