Maintenance. We are currently updating the site. Please check back shortly
Members login
  • TrustLaw
  • Members Portal
Subscribe Donate

U.S. Senate approves one-year extension of federal borrowing authority

Source: Reuters - Wed, 12 Feb 2014 20:21 GMT
Author: Reuters
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

WASHINGTON, Feb 12 (Reuters) - The U.S. Congress approved legislation on Wednesday to extend U.S. federal borrowing authority for a year, bowing to President Barack Obama's demands for a debt limit increase without any conditions.

Final action came as the Democratic-controlled Senate voted 55-43 to approve a "clean" hike in the debt ceiling, after an hour-long procedural vote. The measure now goes to Obama to be signed into law. The House of Representatives passed the measure on Tuesday.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus