The House of Representatives voted to suspend the U.S. debtlimit until March 2015, giving a win to President Barack Obama andDemocrats in Congress who insisted that the ceiling be liftedwithout conditions.
The measure passed yesterday 221-201.
The plan goes to the Democratic-led Senate, where MajorityLeader Harry Reid said the chamber will act as soon as possible.Obama and Senate Democrats had refused to negotiate on raising thedebt limit, and U.S. companies sought assurance that the governmentwouldn't exhaust its borrowing authority.
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