Posted: Aug 1, 2011 5:50 PM by Marnee Banks
Updated: Aug 1, 2011 6:43 PM
The clock is ticking as U.S. Congress tries to pass a deal to avoid defaulting on its debt by August 2.
On Monday, the House of Representatives passed a measure which cuts about $1 trillion in federal spending and raises the debt ceiling through the end of the year.
The bill, which was brokered Sunday night in last-minute negotiations between the White House and Congressional leaders, passed with the support of 174 Republicans and 95 Democrats.
Montana's U.S. Representative Denny Rehberg (R) voted against the plan, saying, "Unfortunately, today's legislation, while well intentioned, is little more than business as usual for Washington."
Rehberg says the bill contains budget gimmicks, the possibility of a tax increase, and no requirement for a balanced budget amendment.
Rehberg says he has already voted twice to prevent default but could not support this plan.
He was one of 66 Republicans in the House who voted no.
The bill goes to the U.S. Senate Tuesday for a vote.
Montana's U.S. Senators, Max Baucus and Jon Tester, both Democrats, have said that they plan to vote for the measure.