The Senate votes to raise the debt limit by $1.9T, to $14.3T, and sets a cloture vote on...

The Senate votes to raise the debt limit by $1.9T, to $14.3T, and sets a cloture vote on Bernanke's nomination for 3:20 p.m., to be immediately followed by a confirmation vote.
Comments (3)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
    Whew, that was close! I thought for sure we were going to hit the old debt limit and crash, explode or worse.


    Thank goodness we have quick thinking politicians who are looking out for us. Now we have plenty of breathing room to spend more.


    What an absolute joke!!
    28 Jan 2010, 01:10 PM Reply Like
  • nightfly
    , contributor
    Comments (1015) | Send Message
    The fleecing of Amerika continues....
    28 Jan 2010, 01:11 PM Reply Like
  • Jackson999
    , contributor
    Comments (471) | Send Message
    Senate rejects near-freeze on spending
    By ANDREW TAYLOR, Associated Press Writer


    WASHINGTON – Just days after President Barack Obama endorsed a partial freeze on domestic spending, his Democratic allies in the Senate have rejected a plan attempting to do pretty much the same thing.


    Old-school Democrats were the driving force in killing the bipartisan legislation, sponsored by Alabama Republican Jeff Sessions and Missouri Democrat Claire McCaskill. Their plan was slightly modified version of Obama's that would have permitted domestic agencies an increase of just about 1 percent, with slightly higher boosts for the Pentagon.


    A 56-strong majority of senators supported the plan but it failed because 60 votes were required. The vote came the morning after Obama threatened to veto spending bills that would exceed a domestic spending freeze.

    28 Jan 2010, 01:16 PM Reply Like
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