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Debt Ceiling vote

by Congressman Sam Graves

The House today passed bi-partisan legislation that would cut $917 billion in spending in exchange for a $900 billion increase in the debt ceiling.

In addition, it would create a commission to further reduce spending by $1.5 trillion later this year. The bill institutes caps to restrain future spending. It would also require both houses to vote on a balanced budget amendment.

Congressman Sam Graves today

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