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WASHINGTON, Jan. 31 (Xinhua) -- U.S. Senate on Thursday approved the postponement1 of the federal government's debt ceiling until May to keep the federal government in operation and give lawmakers more time to mull over how to rein2 in the government's mounting deficit3.
The 64-34 vote in the Democratic-led Senate sent the bill to U. S. President Barack Obama to sign into law. The White House has said Obama would sign it.
The bill, which cleared the House last week, would temporarily suspend the 16.4-trillion-dollar debt ceiling until May 19, allowing U.S. Treasury4 Department to borrow whatever sum is necessary to pay the government's bills before that date.
The measure, initiated5 by the House Republicans, will temporarily defuse the looming6 default crisis, and at the same time set a timeline for the next phase of budget wrangling7.
The House Republicans backed down from their previous demand that any debt ceiling increase be paired with comparable spending cuts. They shifted from default threat in order to force the Senate to pass a budget to cut government spending.
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1 postponement | |
n.推迟 | |
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2 rein | |
n.疆绳,统治,支配;vt.以僵绳控制,统治 | |
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3 deficit | |
n.亏空,亏损;赤字,逆差 | |
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4 treasury | |
n.宝库;国库,金库;文库 | |
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5 initiated | |
n. 创始人 adj. 新加入的 vt. 开始,创始,启蒙,介绍加入 | |
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6 looming | |
n.上现蜃景(光通过低层大气发生异常折射形成的一种海市蜃楼)v.隐约出现,阴森地逼近( loom的现在分词 );隐约出现,阴森地逼近 | |
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7 wrangling | |
v.争吵,争论,口角( wrangle的现在分词 ) | |
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8 chamber | |
n.房间,寝室;会议厅;议院;会所 | |
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9 withheld | |
withhold过去式及过去分词 | |
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