US House defeats Democratic debt bill | business | Hindustan Times
Today in New Delhi, India
Mar 24, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

US House defeats Democratic debt bill

business Updated: Jul 31, 2011 01:33 IST

The Republican-led House of Representatives rejected a proposal on Saturday from Democratic Senate Majority Leader Harry Reid to avert a US debt default with ruinous global consequences.

Lawmakers voted 173-246 to defeat the measure, amid a frantic beat-the-clock effort in Congress to forge a compromise ahead of a midnight Tuesday deadline by which Washington runs out of cash to pay its bills.

http://www.hindustantimes.com/Images/HTEditImages/Images/31_07_pg18a.jpg