Senate kills latest House debt measure - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Senate kills latest House debt measure

WASHINGTON (AP) The Senate has killed the latest effort by the House to raise the government's borrowing cap.

Democrats and several Republicans killed the GOP measure by a 59-41 vote Friday night, just minutes after it arrived from the House. Democrats opposed the measure because it would require another painful debt-limit debate early next year.

The move continues a standoff over the debt limit but could set the table for negotiations this weekend on compromise legislation that could pass the Democratic Senate and the GOP-controlled House before an Aug. 2 deadline to prevent a potentially disastrous default on U.S. obligations like interest payments and Social Security checks.

The measure would have immediately lifted the government's borrowing cap by $900 billion. It barely squeaked through the House.

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