US debt crisis: US House passes debt bill

The US House of Representatives has passed a last-minute deal to avoid a federal debt default - 269 votes to 161, as angry Democrats turned their fire on President Barack Obama accusing him of a capitulation to Republicans. As the House of Representatives passed a last minute bill to raise the US borrowing limit while cutting spending by $2.4 trillion, Left-wingers felt betrayed by the White House, saying the price paid to win Republican support had been much too high. The legislation is due to be approved by the Senate on Tuesday, just hours before the US was due default on its obligations for the first time in its history. It was approved by 269 votes to 161 votes as both discontented liberals and Tea Party Republicans who wanted even more spending cuts voted against.