The House passed
H.J. Res. 45 by a 217-212 margin. All
Republicans voted against the bill. The bill increases the current statutory debt
limit by $1.9 trillion, the largest one-time debt limit increase in our nation’s
history.
Thursday, February 4, 2010
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"The huge increase — to $14.3 trillion — in the cap on federal borrowing was designed by Democratic leaders to ensure that the rank and file won't have to vote again to run up another increase before facing voters increasingly angry over government spending and debt in the November midterm elections."
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