House Republicans retool debt limit increase bill

Reuters News
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Posted: Jul 29, 2011 12:22 PM
House Republicans retool debt limit increase bill

WASHINGTON (Reuters) - The Republican-led House of Representatives will try on Friday to pass a revised bill to raise the nation's debt limit for the short term, a senior Republican told reporters.

House Rules Committee Chairman David Dreier said the retooled bill would require both houses of Congress to approve, and send to the 50 states for ratification, a balanced budget constitutional amendment.

"We're making a modification that will allow us to ensure that both houses of Congress send to the states a balanced budget amendment," Dreier said. He said the bill would come for a vote by the House on Friday.

A number of House Republicans leaving the closed-door briefing told reporters the revised bill was attracting more support from conservatives who had blocked an earlier version of a debt limit bill from coming to a vote late on Thursday.

But Representative Jim Jordan, who heads the conservative Republican Study Committee, told reporters he would vote against the revised bill.

Others, like Representative Tim Scott of South Carolina said they liked the direction the revised legislation was moving, but Scott declined to say whether he would support the bill. Representative Louie Gohmert told reporters he was still undecided but liked the balanced budget amendment idea and is moving toward a "yes" vote.

(Reporting by Donna Smith and Kim Dixon; editing by Todd Eastham)