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U.S. House Defeats Debt-Limit Bill Democrats Call ‘Charade’

A bill that would raise the U.S. debt limit by $2.4 trillion failed to win House passage yesterday in a vote Democrats said was rigged to ensure its defeat.

Last week, Republicans who control the House of Representatives announced the vote as a way to demonstrate that lawmakers don’t support extending the $14.3 trillion debt limit unless agreement is reached with President Barack Obama’s administration on significant spending cuts.