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OCT 12, 2013 - Huffington Post

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Debt Ceiling Hike Stalls In Senate

WASHINGTON -- The Senate failed to take its first new step Saturday to stave off a fiscal disaster: voting to begin work on a bill to raise the nation's debt limit. Lawmakers voted 53-47 on the bill, falling short of the 60 needed to invoke "cloture" and proceed. The bill would lift the nation's borrowing cap through December 2014. A one-year hike of the debt ceiling is unpopular with congressional Republicans, but Senate Democrats hope to raise the pressure on the GOP as the Oct. 17 deadline looms to avoid default. Senate Majority Leader Harry Reid (D-Nev.) warned shortly before the vote ... Read More

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