Senate Rejects Amendment to Prioritize Payment of Federal Debt

Senators Toomey (PA), Vitter (LA), Ensign (NV), and Paul (KY) offered Senate Amendment 112 to S 23 called the Full Faith and Credit Act which requires that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached.

The amendment was rejected by a strictly partisan vote of 52-47.

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