Originally published on Tue August 2, 2011 11:43 am
Update at 2:07 p.m. ET. President Signs Bill:
President Obama has signed into law a bi-partisan bill that raises the debt ceiling and avoids a government default that analysts as well as the White House warned could have had catastrophic effects on the American economy.
Earlier today, the Senate voted 74-26 to send the bill to the president's desk. The AP reports Obama signed the bill privately in the Oval Office.
Originally published on Thu July 28, 2011 11:26 am
Rep. Todd Akin's constituents want to see a deal putting an end to the debt-ceiling debate, but not just any deal.
Despite party pressures, the Missouri Republican is planning to vote against Speaker John Boehner's latest proposal to lift the debt ceiling. It doesn't do enough to "address the spending problem," according to Akin's spokesman Steve Taylor.