You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

U.S.

  • Angola robbery suspect flees, takes hostage in Mich.
    GIRARD TOWNSHIP, Mich. – Authorities said a man suspected of a robbery in Angola, Indiana, fled to Michigan, where he took a person hostage inside an adult novelty store near Coldwater.
  • Leesburg driver charged in Illinois crash that killed 4
    JOLIET, Ill. – A semi-truck driver involved in a crash that killed four people southwest of Chicago was driving too fast and falsified entries in a logbook tracking the number of hours he spent behind the wheel, authorities said Tuesday.
  • 2008 law unexpectedly at center of border debate
    Sen. Dianne Feinstein recalls turning on her television and seeing a young Chinese girl crying before a judge, without even an interpreter to help her after surviving a harrowing journey to the U.
Advertisement

House passes bill to prioritize US debt payments

WASHINGTON – The GOP-controlled House has passed a bill to put U.S. bondholders and people on Social Security at the front of the line to be paid if the government hits its borrowing limit.

The idea behind the legislation is to lessen the consequences of a U.S. default on its debt obligations. That’s if Congress and President Obama can’t find a way to lift the government’s borrowing limit later this year, in hopes of salvaging the government’s credit rating and ability to borrow to pay its bills.

But Democrats say the legislation would guarantee a downgrade of the debt by suggesting the country would be willing to pay some of its bills but not others.

The bill passed on a near party-line vote of 221-207.

Advertisement