Monday, August 1, 2011

Sure Debt Deal Reached, But Will Congress pass it?

That is the question many in both parties are asking themselves today on Capitol Hill, where both house of Congress are preparing to vote on legislation no one really wants to pass, BusinessInsider reports.


The deal was reached when most expected it would be — at the very last possible moment, with barely 51 hours remaining to raise the debt ceiling — and through a bipartisan compromise that left both sides wanting more.

In the Senate, where collegiality is of foremost concern, the bill will have no difficulty passing even the 60-vote threshold that conservative Sen. Mike Lee (R-UT) is demanding in exchange for waiving the body's rules to speed the vote.
But in the House, where tempers have flared over the past two weeks, the road to passage is uncertain…

Find out more at http://www.businessinsider.com/debt-deal-reached-but-path-through-congress-not-certain-2011-7

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