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US House Votes to Raise Debt Ceiling

The U.S. House of Representatives has narrowly passed a measure raising the government's borrowing authority for one year in order to avoid a default that was looming at the end of this month. The 221-201 vote Tuesday came hours after the leader of the Republican-controlled House of Representatives, Speaker John Boehner, said he would allow a vote on increasing the country's debt ceiling beyond the current $17.3 trillion level without attaching new spending conditions. The...

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