House GOP Postpones Debt Vote

by Andrew Stiles

From the Washington Post:

House Republicans have delayed a vote on their bill to lift the debt ceiling as they scrambled Tuesday night to rewrite portions of the measure to ensure that accompanying spending cuts were large enough, according to three senior GOP aides. Budget analysts said hours earlier the plan would only create $850 billion in savings as opposed to the sought-after $1.2 trillion. Originally scheduled for Wednesday, the vote could now happen Thursday.

More here.