Friday, July 29, 2011

US Senate rejects Republican debt plan

The US Senate rejected the Republican's debt-ceiling plan on Friday.

Source: Press TV

The US Senate has rejected the Republican's debt-ceiling plan by a vote of 51-49, two hours after the House of Representatives approved the short-term bill.

On Friday, the Democratic-controlled Senate rejected House Speaker John Boehner's plan after the Republican-controlled House passed the bill by a vote of 218-210, AFP reported.

The two-step plan proposed by Boehner aims for about $3 trillion in spending cuts over 10 years and would raise the US debt ceiling and cut government spending.

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