House Votes to Raise Debt Ceiling, Without Conditions

Posted by Ravi Gulati | Posted in Economy & Markets | Posted on 11-02-2014

Ending three years of brinkmanship in which the threat of a devastating default was used to wring conservative concessions from President Obama, the House on Tuesday voted to raise the government’s borrowing limit until March 2015 – without any conditions.

The vote – 221-201 – relied primarily on Democrats to carry the legislation, the first debt ceiling increase since 2009 that was not attached to other measures. Only 28 Republicans voted yes.

House Votes to Raise Debt Ceiling, Without Conditions – NYTimes.com.