Worthy Christian News » US News » House Passes Bipartisan Budget Plan, Debt Limit Increase


House Passes Bipartisan Budget Plan, Debt Limit Increase

Wednesday, October 28, 2015 | Tag Cloud

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(Worthy News) - The House has passed a bipartisan budget-and-debt deal that prevents an unprecedented government default.

A coalition of Democrats, GOP defense hawks and pragmatic Republicans supported the measure.

The legislation now heads to the Senate, which is on track to pass it before Tuesday's deadline for increasing the so-called debt limit. It gives the government authority to borrow freely through March 2017. [ Source ]

GOP splits budget vote 2-to-1

The House on Wednesday approved a controversial budget plan that most Republicans opposed, in what was likely to be House Speaker John Boehner's last major legislative push before retiring on Friday.

The budget agreement will allow the government to exceed spending caps for the next two years and suspend the nation's borrowing limit in exchange for modest entitlement reform.

The bill passed thanks to bipartisan support, with the majority of votes coming from Democrats who, conservatives complained, may have gotten the better end of the deal. [ Source ]

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Worthy Christian News » US News » House Passes Bipartisan Budget Plan, Debt Limit Increase