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March 21, 2011MARYVILLE, MO | By: Wayman
The Obama administration wants more room for US debt but that's not sitting well with Missouri's Republican senator.
Treasury secretary Timothy Geithner asked a congressional subcommittee on appropriations on Wednesday to raise the debt ceiling, saying it has to be done because "There's no alternative". Missouri GOP senator Roy Blunt says unless lawmakers include fundamental changes in the way the feds spend money, he won't vote for a rise in the country's debt ceiling. Blunt says last year was the first time since the early 1970's that both houses failed to pass a budget or a single appropriations bill. Fellow Missouri senator Claire McCaskill, a Democrat, has co-sponsored a bill that would bring down the level of federal spending over the next 10 years to a little more than 20% of gross domestic production.