August 2, 2011

The Senate side is done on the debt ceiling.

The Senate passed a bill raising the debt ceiling, sending it to President Obama for his signature. Sixty votes were needed to pass the bill. The final tally will be announced shortly.

Our original post starts here:

The Senate is about to vote on a bill to increase the debt limit and send a bill to President Obama to avert a potential government default.

As the clock ticks toward a midnight deadline, Senate Majority Leader Harry Reid has little time to spare to get Senate passage for a measure cutting $2.1 trillion in federal spending while increasing the amount the government can borrow to pay all of its bills.

Obama will be speaking shortly at the Rose garden. Not much to say that's not already been said. The only thing I liked as I watched some of the Senators discuss the bill before it was voted on, was that Harry Reid actually talked about George Bush's incompetence in destroying the country's well being. To the Villagers it's like he never existed.

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