The House delays vote on
Boehner debt-limit plan
July-28-2011-- The US House is in recess and has delayed a vote on Speaker John Boehner's plan to raise the nation's $14.3 trillion debt ceiling, as the GOP leadership struggles to get votes for passage.
Fears that the partisan deadlock in Washington won't be broken by an Aug. 2 deadline caused the stock market to tumble this week. The impasse on raising the debt ceiling also has raised the possibility that America's AAA credit rating -- and that of five states such as Virginia and Maryland -- will be downgraded.
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Fears that the partisan deadlock in Washington won't be broken by an Aug. 2 deadline caused the stock market to tumble this week. The impasse on raising the debt ceiling also has raised the possibility that America's AAA credit rating -- and that of five states such as Virginia and Maryland -- will be downgraded.
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