Thursday, February 11, 2016

BREAKING: House Approves Grijalva Amendment To Debt Limit Bill

The U.S. House of Representatives just approved an amendment to its legislation regarding the federal debt limit, offered by Arizona Rep. Raul Grijalva (D-CD3).

The Republican-led bill would require the Treasury Secretary to report to and testify before Congress before the federal government reaches its debt limit. Grijalva's amendment - briefly discussed this afternoon - would require the report to contain historical information on revenues and taxes as a percentage of GDP.

It was approved on a voice vote.

Grijalva has another amendment to be considered, which will require information about individual salary and wage information, as well as projections of consumer spending and the impact of spending on cuts and GDP.

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