GOP Votes Against Raising Debt Limit

The GOP controlled House kicked off its new session with a symbolic vote against raising the debt limit. Last summer's bipartisan debt and budget pact allows the President to raise the debt limit 15 days after he officially notifies lawmakers the government is close to the current $15.2 trillion cap. That is unless Congress votes to deny the borrowing increase. The measure to block the increase is expected to pass the House easily. But it's dead on arrival in the Senate. The president's veto power also guarantees that the increase will go through.