Whatever: House pulls hilarious debt ‘ceiling’ trick one more time

Whatever: House pulls hilarious debt ‘ceiling’ trick one more time

The House passed a “clean” debt ceiling increase Tuesday granting President Obama power to borrow as much as the government needs for the next 13 months, after House Republican leaders surrendered their longstanding vow to demand concessions in exchange for any debt hike.

Unable to muster his own troops, GOP Speaker John A. Boehner had to turn to Democrats to provide the votes to pass the legislation, which cleared on a 221-201 vote. The bill now goes to the Senate, which needs to pass it before the end of the month or else the Treasury Department says it will run out of borrowing room and face a market-rattling default of the government’s obligations.

The House passed a “clean” debt ceiling increase Tuesday granting President Obama power to borrow as much as the government needs for the next 13 months, after House Republican leaders surrendered their longstanding vow to demand concessions in exchange for any debt hike.

Unable to muster his own troops, GOP Speaker John A. Boehner had to turn to Democrats to provide the votes to pass the legislation, which cleared on a 221-201 vote. The bill now goes to the Senate, which needs to pass it before the end of the month or else the Treasury Department says it will run out of borrowing room and face a market-rattling default of the government’s obligations.

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