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The US House of Representatives has passed by 269 votes to 161 a last-gasp deal to avoid a federal debt default (August 2nd)

 

The bill is expected to be approved by the Senate and signed into law by President Barack Obama on today.It raises the debt limit by up to $2.4tn (£1.5tn) from $14.3tn, and makes savings of at least $2.1tn in 10 years.

There were cheers as Congresswoman Gabrielle Giffords, who was shot in the head in Tucson in January, made her first appearance on Capitol Hill.

Ms Giffords, who moved through the chamber with minimal assistance from an aide, blew kisses and said: "Thank you, thank you."
Deadline looms

After months of bitterly partisan deadlock, House Republican and Democratic leaders swung behind the bill on Monday, ratifying a deal sealed the night before with a phone call from House Speaker John Boehner to President Obama.

House Democrats were evenly split on the legislation - 95 for and 95 against - while 174 Republicans voted for the measure and 66 opposed it.

 

Source: BBC News

Written by Scott Buckler
Tuesday, 02 August 2011 8:08

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