The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus The Daily Herald on Linked In HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions

House to vote Wednesday on raise in debt limit

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY
Associated Press
Published:
WASHINGTON -- Republican officials say the House will vote Wednesday on an increase in the nation's debt limit, a move designed to prevent a first-ever government default.
The vote marks a change in strategy for House Republicans who run the chamber and who remain adamant about reducing government spending but decided not to use the debt limit to trigger a confrontation with President Barack Obama.
Instead, they have said the debt increase measure will require the House and Senate to approve budgets that call for spending cuts, with pay withheld for lawmakers in either house that failed to do so.
The current debt limit is $16.4 trillion. Aides said they didn't know how big an increase would be contained in the legislation, but it is expected to accommodate borrowing for three months.

More Nation & World Headlines

NEWSLETTER

HeraldNet Headlines

Top stories and breaking news updates

Calendar