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House passes debt limit bill as deadline nears
The House approved a GOP bill prioritizing creditors and Social Security payments ahead of other obligations, a measure vetoed by the White House. Treasury warns after Nov. 3 the government must operate on a cash basis with no new borrowing. The move signals no Senate path or Obama signature.
MENTIONED IN THIS ARTICLE
Washington
U.S
Capitol Hill
House
Senate
Barack Obama
Treasury Department
Treasury
Jacob Lew
Center For American Progress
Tom McClintock
R-Calif
McClintock
White House
Obama
Harry Reid
Nevada
Rity
Daniel Watson
Republican Study Committee