Thursday, January 24, 2013

House passes Republican plan to extend debt limit to May 19

WASHINGTON (Reuters) - The House of Representatives on Wednesday passed an extension of borrowing authority under the federal debt limit to May 19, putting the Republican plan on a fast track to enactment after top Senate Democrats endorsed it.

The 285-144 vote in the House fell largely along party lines, with many Democrats objecting to the short-term nature of the extension.

(Reporting By David Lawder; Editing by Sandra Maler)

Source: http://news.yahoo.com/debt-limit-extension-bill-moves-vote-house-165507643--business.html

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