Posted: Jul 28, 2011 5:14 PM by Russell Jones
Updated: Jul 28, 2011 5:14 PM
WASHINGTON - The U. S. House has delayed a vote on the GOP-backed plan to raise the debt ceiling before the government defaults on its loans Aug. 2.
Rep. Bill Cassidy (R-La.) confirmed to News 2 that the vote had been delayed while Republicans did some last-minute "whipping" to make sure they had the necessary votes.
Cassidy said he did expect a vote on the plan later tonight, and that he planned to vote in favor of it.
"I very much want to protect the Medicare and Social Security entitlement programs, and at the same time I realize to do so we have to bring down our debt. I think the plan that we're voting on tonight will accomplish all that," Cassidy told News 2.
The measure from House Speaker John Boehner (R-Ohio) would extend the debt ceiling into next year. Senate Majority Leader Harry Reid (D-Nev.) says it won't pass their chambers, with Senate Democrats unanimously opposed to it.
Reid is offering his own plan to raise the debt ceiling and avoid a default next week. His plan and Boehner's have enough in common that Reid has hinted of a possible compromise.