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House and Senate agree on raising nation's debt ceiling

Posted: Tue Aug 02, 2011 11:04 am
by boardman
House and Senate agree on raising nation's debt ceiling

NEWS UPDATE VIETNAM VETERANS OF AMERICA

AUGUST 2, 2011

The Senate today approved a plan to raise the nation's debt ceiling by a 74-26 vote. The House of Representatives approved the measure Monday by a 269-161 vote. Passage in the Senate required a supermajority of 60 votes.

The measure needs to be signed into law by the President before the end of Tuesday August 2, 2011.