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From mninews.marketnews.com

The White House Tuesday accepted the House GOP legislation that suspends the debt limit law to allow resumed borrowing by the Treasury Department -- despite its "unnecessary complications." The acceptance meant that in the space of a few days, the Republican members of the House who had been intent on threatening a U.S. default to pressure the White House, may now see their new alternative approach attract Democratic votes. The vote will be early Wednesday afternoon. President Barack Obama could end up signing into law a piece of debt-limit legislation that is truly bipartisan, and signing it well before the ... (full story)

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  • Category: Breaking News