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In political gesture, House GOP votes against new increase in debt ceiling

WASHINGTON — The Republican-run House on Wednesday weighed in against raising the government’s borrowing limit by $500 billion, but the vote was really just a political show.

Legislation that President Barack Obama signed last month raised the debt limit by $400 billion immediately. A second increase, this time by $500 billion, was to take effect this month unless both the House and Senate voted to block it.

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