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The magic number: 217

The magic number: 217

The terms “billions” and “trillions” are tossed around in the nation’s debt ceiling debate. Probably no number, however, is more important than 217. That’s how many votes are needed in the 435-member House, with two vacancies, to pass any measure to raise the nation’s debt limit and avert economic convulsions in about two weeks. Interviews […]

Tea party floats its debt plan

Tea party floats its debt plan

The next step in the weeks-long saga over how to increase the government’s borrowing cap is to let House tea party forces try it their way. A Republican “cut, cap and balance” plan set for a House vote Tuesday would condition a $2.4 trillion increase in the so-called debt limit on an immediate $100 billion-plus […]

Republicans divided on debt debate

Republicans divided on debt debate

It’s no wonder that Republican presidential candidates are divided over whether to increase the federal borrowing limit. Their voters are, too. Fiscal hard-liners in early-voting states say they won’t back someone who supports raising the debt ceiling under any condition. They say the debate in Washington gives the 2012 candidates a chance to show stark […]

Some in GOP fed up with Cantor’s antics

Some in GOP fed up with Cantor’s antics

Republican insiders — fed up with the scorched-earth tactics of House Majority Leader Eric Cantor — privately fear the fiery Virginia right-winger could destroy the party’s majority in the House of Representatives with his constant undermining of Speaker John Boehner’s attempts to reach a debt deal with President Barack Obama. But while Republicans fret, Obama […]