House set to reject Reid debt plan as endgame nears

Posted by Kendall Harmon

The Republican-controlled House of Representatives is set to reject Senate Majority Leader Harry Reid's plan to raise the nation's debt ceiling Saturday -- partisan payback for the Democratic-controlled Senate's rejection of Speaker John Boehner's plan Friday night.

The twin votes are a likely prelude to a long weekend of furious back room negotiations between congressional leaders looking for a way to end a tense political standoff and avoid a potentially catastrophic federal default next week.

Read it all.

Filed under: * Economics, Politics • Economy • The U.S. Government • The National Deficit • Politics in General • House of Representatives • Office of the President • President Barack Obama • Senate

3 Comments
Posted July 30, 2011 at 11:28 am [Printer Friendly] [Print w/ comments]



1. Archer_of_the_Forest wrote:

I sure hope the first checks not issued when the Government defaults are the paychecks of these all these clowns.

July 30, 5:12 pm | [comment link]
2. libraryjim wrote:

Several of the Freshmen in Congress have vowed to not accept their checks if the government goes into ‘overtime’ on this issue.  Let’s see WHO keeps their promises on that one.

July 30, 7:56 pm | [comment link]
3. Cennydd13 wrote:

Umm, it seems to me that a lot of congressmen…..and senators…..actually don’t need their checks, since most are well-off financially anyway, and were when they were elected.  I applaud their vowing not to accept their checks, but at the same time, I want them to quit the stalling and make whatever deals and compromises that are necessary.  The only way this impasse is ever going to be resolved is through compromise.

July 30, 10:20 pm | [comment link]
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