Debt Deal Passes House, Senate, Heads to President

August 2, 2011 | By Adrianne Fielding | Post a Comment

Whether you love it, hate it or are just plain sick of hearing about it, a deal to raise the nation’s debt ceiling seems to be within sight of Congress and the White House.  The partisan kicking, scratching and biting that it’s taken to get to this point may leave both sides licking their wounds for a good while to come.

The bill passed in the House last night by a vote of 269-161, and the Senate is scheduled to vote on it at noon today.  MSNBC’s coverage of last night’s vote appears here, and C-SPAN’s lead-up to the Senate vote (including streaming video of the floor debate) is available here.  If you prefer your Senate proceedings live-tweeted, the Senate Press Gallery floor log can be followed here.  CNN reminded its readers that the deal must reach President Obama’s desk today for signature, before the nation would officially default on the debt-related payments it owes.

We’ll provide updates here on the status of the debt deal as it continues to unfold.

If the debt deal is signed by the president today, the nation will shift to picking up the pieces and assessing the fallout.  An article from Bloomberg yesterday looks as some of the potential impact on states.

Give us three words on how you’re feeling about the expected passage of this deal.  And what are your biggest concerns about how it may impact you and your organization or community?

(Photo credit: Tim Masias)

12:32 p. m. – Although the Senate vote is still being tallied, the debt deal has passed with more than the 60 of the required “yes” votes.  It’ll go to the president’s desk for signature later this afternoon. The “no” votes so far include Senators Coburn, Sanders, Inhofe, Gillebrand, DeMint and Nelson.  Notable “yes” votes from the past few minutes include Senators McCain, Feinstein and Murkowski.

12:42 p.m. – Final Senate vote: 74 yes, 26 no.

5:00 p.m. – President Obama has signed the bill into law.  C-SPAN’s coverage of that, plus more on today’s Senate vote on the bill, is available here.

LinkedInShare

Post a Comment

Your email is never shared. Required fields are marked *

*
*