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House Republicans Meet With Obama After Rejecting Debt Ceiling Increase

Posted By MarleighJones On June 1, 2011 @ 9:38 am In Economic Crisis,Old Infowars Posts Style | Comments Disabled

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.

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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.

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