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U.S. House rejects debt limit hike in protest vote

U.S. House rejects debt limit hike in protest vote

19 January 2012 08:09 (UTC +04:00)

Baku - APA-Economics. The House of Representatives rejected a $1.2 trillion increase in the federal debt limit on Wednesday in a largely symbolic vote that allowed Republicans to stake out election-year positions to bash President Barack Obama’s spending record, Reuters reported.

The Republican-controlled House voted 239 to 176 along party lines in favor of a "resolution of disapproval" against the increase sought by Obama, a Democrat, but the winning tally fell far short of the two-thirds majority needed to override a presidential veto.

The Republican effort to deny the debt limit hike - seen by Democrats as political posturing - is expected to die in the Senate, which reconvenes in Washington next week. But should it pass, Obama is poised to veto it.

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