June 1, 2011
House Republicans met with President Obama Wednesday morning as budget negotiations plod ahead in the wake of a decisive vote against raising the debt ceiling.
The proposal to raise the nation’s $14.3 trillion ceiling by another $2.4 trillion failed by a wide margin Tuesday evening, as expected. The vote was lopsided, with just 97 in favor of the measure and 318 against. Eighty-two Democrats joined Republicans in opposing the increase.
House Republican leaders claimed the vote was an explicit endorsement of their call to extract significant spending cuts before increasing the government’s borrowing limit.