WASHINGTON (Reuters) – The White House said on Saturday it “strongly supports” a bill being considered in the House of Representatives that incorporates both Democratic and Republican ideas and would raise the debt limit to early 2013.
“It is imperative that the United States not default on the nation’s obligations,” the Obama administration said in a policy statement. “If the bill were presented to the president, his senior advisors would recommend that he sign it.”
The bill would require two-thirds approval in the Republican-controlled House to pass.
Raw Story is a progressive news site that focuses on stories often ignored in the mainstream media. While giving coverage to the big stories of the day, we also bring our readers' attention to policy, politics, legal and human rights stories that get ignored in an infotainment culture driven solely by pageviews.
Founded in 2004, Raw Story reaches 5 million unique readers per month and serves more than 19 million pageviews.