| ---------------------------------------- Economy/Business News Alert: House approves raise in federal debt ceiling; bill goes to Senate August 1, 2011 7:13:44 PM ---------------------------------------- The House approved a bill Monday night that raises the federal debt limit and cuts discretionary spending by $1 trillion over the next 10 years, a key step toward averting a government default. The 269 to 161 vote sends the bill to the Senate, which is likely to consider the plan Tuesday -- the day that the Treasury has said it would begin running short of cash to pay the nation's bills. Rep. Gabrielle Giffords cast her first vote in the House since being shot in January, voting yes. http://link.email.washingtonpost.com/r/JDFA9Q/267IG2/CE1U7D/F692ZI/FVKZF/VU/h For more information, visit PostBusiness.com ---------------------------------------- Get a unique daily review and analysis of the debt, deficit and economy debate. Sign up for Behind the Government Showdown: http://www.washingtonpost.com/ac2/wp-dyn?node=admin/email/express&action=subscribe&newsletter_code=GVTSHTDN ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071 |
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