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The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February.
The action came under an unusual legislative procedure spelled out under the August agreement to raise the U.S. debt ceiling and avoid a U.S. credit default. In a 52-45 vote, the Senate blocked an attempt by Republicans to slow down the process that will result in the $500 billion debt-ceiling increase.
The increase stems from a deal between Congress and the White House, finalized last month, that spells out how the borrowing limit would be increased by $500 billion. Under the process, lawmakers in both the House and Senate must vote on a resolution of disapproval against the increase in the borrowing limit. President Barack Obama would then have to veto the resolution of disapproval, and Congress would then vote to try and override that veto.
The complicated procedure, designed by Senate Minority Leader Mitch McConnell (R., Ky.), would allow an increase of the borrowing limit while allowing most Republicans to vote against such an increase.
There was a twist in this scenario Thursday evening, however. Democrats held firm, rejecting the resolution of disapproval, thereby speeding the process and increasing the borrowing limit immediately.
How much was that jobs bill supposed to cost? Right around $500B?
So this is how the crooks will pay for it. More borrowing. I can't wait until they release their nonsense of this cut and that cut over the next billion years to pay for it.
How much was that jobs bill supposed to cost? Right around $500B?
When Harry Reid wants to do something it seems he can do it pretty quick. i wonder what has happened to the nearly one dozen bills sent to the Senate from the House in the last month.
I thought the large amount that they managed to get just before their vacation was supposed to last a little while.
Now it is very apparent that they are raising the debt limit without anything being done. Of course, they expect the House to turn this whole thing down and then Obama can squeal about the GOP trying to hurt people who need jobs. Yep, it is just too apparent but they are sure they can get by with it.
ROFL...according to YOUR OWN LINK....McConnell....the Senate Minority Leader......is the person who approved this bill!
TRY AGAIN!!!!!!
Reading comprehension?? There was a deal, back in August, in which the Senate would vote to disapprove an increase in the borrowing authority. Only once Obama vetoed this disapproval would Congress vote to try and override this veto. This was the deal McConnell worked out. Oh, that deal stunk because it meant the Democrats had to keep their word and abide by an agreement, which they clearly did not. Looks like the Dems went against that deal and voted for increasing the borrowing authority.
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God this is just too easy!!!!!!
