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Suspension of debt limit wins final congressional approval

The Democrats leading the senate bill, 34-64, after a week, the republican control of the house of representatives approved, 285-144. These two kinds of ticket two parties.
The legislative council until at least 19 republicans, who put forward more requirements to cut costs, reduce deficit, and the Democrats, who for cut the deficit spending cuts and tax increases hybrid debt limit the showdown between.
Senate minority leader MaiKangNaiEr in 32 republicans and Democrats, West Virginia Joe mann qin bank, con. Twelve republicans, Democrats and two independent voted.
MaiKangNaiEr against the bill, because it does not include spending cuts, spokesman John ASHLEY brook said. "Need now is a long-term solution, Washington's control spending and debt," ASHLEY brook said.
Senate democratic leader Harry Reid (Harry Reid) said, bill through that Washington will not participate in "another irresponsible debate about whether the U.S. government should be to pay its bills."
The house republican leader, drafting the law marks a significant retreat from their vows, the use of debt limit, to extract more spending cuts. In August 2011, debt ceiling struggle led to the American government's credit rating is lower, falling.
Through the debts of the suspended ceiling, is expected to achieve early in mid-february, the government will continue to borrow money to pay its bills until May 19 to limit, will be performed again.
According to the law, the debt limit will be reset on May 19 to what level of debt to so, may be about $17 trillion.
President bush has refused to negotiate debt ceiling.
Several other budget skirmish may be the next five weeks. Congress must consider how to do automatic setting for 3 months and measures, and continue to support the government's operation, must on March 27th of budget cuts.
In the past two years, the house republicans has caused many voters of anger and financial markets, the government pushed off at the edge of the cliff and unprecedented default.
Many republicans have said they want to avoid these two kinds of circumstances, this year. But they also need more to cut spending and persistence, they won't go to increase taxes.
Republicans to promote the main allowance plan changes, such as health care plan of the old man and social security retirement savings plan, extraction.
Obama promised to protect the two procedures, but has said willing to make some changes.
Debt limit law requires the house of representatives and the senate through the budget, April 15,. The senate approved a nearly four years, from the republican party, which makes it more difficult to find common ground may cut costs of complaints.
This law, if any cavity in April deadline, failed to pass a bill that its members will not pay. Republican named measures, "no budget, 2013 unpaid method".
, the former republican speaker of the house, John boehner issued a statement shortly after the senate vote, urging chamber approved budget.
, "boehner said:" our common goal is to help the economic development and expand domestic opportunities. "To do this, we need to budget responsibility."
The senate budget committee chairman Patty Murray Washington has promised budget reflects the democratic values, employment, economic growth and the middle class.
Murray says, recently the republican budget plan, will the intestinal in employment and education investment, tax cuts, rich and "end medical insurance, because we know that this will be compared to."
On May 19, not necessarily is the last term, in order to avoid default. The ministry of finance will be able to redeploy the emergency cash management measures, may push to July last day of reckoning.



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