US House of Representatives passes debt-limit bill

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 48333893 bn 304x171 US House of Representatives passes debt limit bill

The US House of Representatives has passed a last-minute deal to avoid a federal debt default.

The bill was approved by 269 votes to 161.

The legislation must now be passed by the US Congress's upper chamber, the Senate, and approved by President Barack Obama to become law.

The package would raise the debt ceiling by up to $2.4tn (1.5tn) – from $14.3tn – and make budget savings worth a similar amount over 10 years.

source: bbcuk

Berita Lain:

+ Arsip Berita Indonesia - US House of Representatives passes debt-limit bill.

bbc.news 02 Aug, 2011

Source: http://arsipberita.com/show/us-house-of-representatives-passes-debtlimit-bill-280608.html
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