Jun 01, 2011 12:14 AM GMT
Remarkably among the people who voted against the increase were 82 Democrats - among them Pelosi, Hoyer, and DNC chief Debbie Wasserman-Schultz.
The Republican-controlled House voted 318-97 on the legislation that would have raised the federal government’s debt limit by approximately $2.4 trillion.
Under rules for the vote set by the GOP leadership, the measure needed at least two-thirds support to pass, ensuring it had no chance for approval.
The vote was scheduled by Republican leaders to show that any attempt to divorce an increase in the debt ceiling from spending reduction efforts — a move initially favored by the Obama White House — cannot win congressional approval.
Democrats called the move a dangerous political stunt that could rattle financial markets.