House votes 218-214 for short-term debt ceiling increase By Mike Soraghan - 12/16/09 05:09 PM ET
In an end-of-session nail-biter vote, the House passed a short-term increase of the debt limit Wednesday, setting the stage for a February showdown on deficit spending.
It was not a popular measure with centrist and vulnerable lawmakers, who don’t want to be portrayed as allowing the nation to go deeper into debt. The $290 billion increase would set the debt ceiling at $12.394 trillion.
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