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

Senate kills latest House debt measure

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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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