Debt limit hike denied?

Wednesday - 6/1/2011, 10:31am EDT

Josiah Ryan, Senate reporter, The Hill

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The House has rejected a bill that would keep the money-machine flowing at your agency. The bill would increase the debt limit ahead of an August 2 deadline. The Treasury department says that's when the government will default on its obligations. Josiah Ryan, Senate reporter for The Hill, has a progress report.