Earlier in the day, President Obama said there are many possible compromises, but that Boeher's is not one he could support.
House Speaker John Boehner, of Ohio, gives a thumbs-up as he leaves the House Chamber on Capitol Hill in Washington, Friday, after House passage of his debt-limit legislation that was rewritten overnight to win the support of conservative holdouts.With only a handful of Republicans in opposition, the House on Friday voted, 218 to 210, to approve Speaker John Boehner's bill to raise the nation's debt limit for a few months, the Washington Post reported Friday afternoon.
"The measure was revised earlier in the day to make it more palatable to conservatives," according to the newspaper. "No Democrats supported the bill.
The plan now goes to the Democratic-controlled Senate, where Majority Leader Harry Reid has said he has the votes to table the measure, effectively killing it, the Cable News Network reported.
"Reid is planning to spend the weekend pushing what top Democrats insist is a more centrist piece of legislation," CNN said.
Earlier in the day, President Obama said there are many options on the table, but a six-month extension is not a realistic option, the New York Times reported.
The legislation would provide a quick $900 billion increase in U.S. borrowing authority – essential to allow the government to continue paying all its bills – along with $917 billion in cuts from federal spending, according to the Associated Press.
"It was rewritten hastily overnight to say that before any additional increase in the debt limit could take place, Congress must approve a balanced budget-amendment to the Constitution and send it to the states for ratification," the AP reported.
Meanwhile, on Wall Street, the Dow Jones industrial average fell 97 points Friday, as investors continued to express anxiousness about a possible debt-limit crisis.
More details coming on MassLive and in The Republican.