House approves GOP bill extending debt limit

House approves GOP bill extending debt limit

WASHINGTON (AP) - Republicans have muscled legislation to extendthe government's borrowing authority and cutting spending throughthe House over solid Democratic opposition.

The 218-210 vote sets up a confrontation with theDemocratic-controlled Senate and President Barack Obama, who saythe GOP-written measure will die in the Senate. They say the billwould wreak economic havoc because it would force lawmakers to voteon another extension of the debt ceiling early next year, in theheat of presidential and congressional campaigns.

Administration officials say Congress must find a compromise toraise the debt ceiling by Tuesday or the government will run out ofcash to pay its bills. That could prompt an unprecedented federaldefault, which could rattle the economy with shocks such as higherinterest rates.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."