Washington: US Congress at last approved the debt ceiling budget on Monday evening, the House of Representatives voted, 269-161, to pass the deal to increase the debt limit prepared up over the weekend by Senate negotiators.
Many Democrats resisted the bill till the last minute before voting, in an attempt to get as many Republicans to take ownership of the bill as possible. Passage in the Senate is a foregone conclusion, and the White House has already promised that the United States President Barack Obama will sign it into law very soon.
So there will be no disastrous default. But there is also no joy in liberal Mudville. While some conservatives are grumping their dismay that all their hostage demands weren’t met, or that cuts in defense spending are too high, the truth of the tale can be found easily in the gamut of partisan reaction.