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The House voted 261-165 on Friday to reject a balanced-budget amendment to the Constitution – falling short of the two-thirds majority needed.

The balanced-budget amendment that failed to pass was similar to the version voted on in 1995, which passed the House by 300-132 but fell short by one vote in the Senate. It required a simple majority to raise taxes and a three-fifths vote to raise the nation’s debt limit.

Read the whole story at Politico

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