The House of Representatives passed a bill on Friday to raise the debt ceiling and cut $22 billion from next year’s spending. Passed as part of a power play by Speaker John Boehner (R-Ohio), the bill died in the Senate later Friday evening.
In retribution, the House announced it will vote on Saturday against a different debt ceiling bill authored by Senate Majority Leader Harry Reid (D-Nev.), in order to prove that his legislation is dead on arrival in the House. (29 July 2011)
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