McConnell offers 'backup' plan to raise debt limit

WASHINGTON, July 12 Tue Jul 12, 2011 2:43pm EDT

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WASHINGTON, July 12 (Reuters) - Senate Republican Leader Mitch McConnell proposed a "backup plan" on Tuesday that would allow a divided U.S. Congress to raise the U.S. debt ceiling with just a one-third of votes.

Such a vote would allow the United States' borrowing authority to be increased with the support of only President Barack Obama's fellow Democrats.

(Reporting by Andy Sullivan; Editing by Sandra Maler)

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Comments (2)
Cru wrote:
Sweet.. then only democrats will get credit for not tanking the country.

You can even find quotes from Reagan about the importance of raising the ceiling.

Jul 12, 2011 3:18pm EDT  --  Report as abuse
AmericanLady wrote:
McConnell, stop playing games. Reagan could have negotiated in good faith with Obama.  That man had class and intelligence.  I do not know what has happened to the Republican party.  Get some backbone and get back to work.  Stop letting a minority of people drive this country to ruin

Jul 12, 2011 4:09pm EDT  --  Report as abuse
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