July 12, 2011 / 6:45 PM / in 6 years

McConnell offers 'backup' plan to raise debt limit

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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