Monday, August 1, 2011

House Has Votes to Pass Debt Agreement, Cantor Says

Kathleen Hunter and Catherine Dodge

House Majority Leader Eric Cantor said the House will have the votes to approve a compromise plan to raise the U.S. debt limit by at least $2.1 trillion and slash federal spending by $2.4 trillion or more.
“We’re going to have the votes we need to pass this measure,” Cantor, a Virginia Republican, told reporters.
The House plans to vote today on the agreement after a months-long struggle over raising the $14.3 trillion debt ceiling before the nation’s borrowing capacity expires tomorrow. The measure cleared a House procedural hurdle on a 249-178 vote. The Senate will vote tomorrow, said Don Stewart, a spokesman for Minority Leader Mitch McConnell . . . . . . .

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