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U.S. House passes "clean" debt-limit bill

English.news.cn   2014-02-12 07:03:38

WASHINGTON, Feb. 11 (Xinhua)-- U.S. House of Representatives on Tuesday approved a bill with no provisions attached to extend the limit on the federal government's borrowing authority.

The legislation, approved in a 221-201 vote, would suspend the debt ceiling until March 15, 2015, allowing the Treasury Department to issue new debt above the current 17.2 trillion cap.

The bill eliminates the threat of default and put off debate on the issue until after the 2014 midterm elections.

It signifies a retreat from a long-held Republican strategy of seeking concessions in exchange for a debt-limit increase, delivering victory to U.S. President Barack Obama who has demanded a debt limit hike without conditions.

Editor: Yang Lina
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