House raises debt ceiling by close vote, 218 - 205

BULLETIN: Immediately the House of Representatives passed the Boehner debt ceiling measure, Senate leadership laid it on the table, where it will languish while Majority Leader Harry Reid (D-Nv) and Minority Leader Mitch McConnell (R-Ky) work on a compromise version of Senator Reid's bill, which raises the debt ceiling by a much higher figure than Speaker Boehner's bill, much influenced by Tea Party freshmen newly elected to the chamber. - The Legendary

Washington – In a surprisingly close vote, the U.S. House of Representatives approved raising the nation's debt ceiling by nearly $1 trillion.

No Democrats voted for the measure while 17 Republicans voted against it and 10 members were recorded as not voting.

The measure will require a $1 trillion reduction in federal spending over the next 10 years and that both houses of congress send a balanced budget bill to the states for ratification.