Congress

January 31, 2013 5:48 PM

Senate faces pay-cut threat, but its millionaires may not care

Can you make a wealthy person do something by temporarily withholding a relatively tiny part of his or her income? America is about to find out, after the Senate approved a bill on a 64-34 vote to suspend the nation’s debt limit until mid-May, enabling the federal government to continue to borrow money to pay its bills.

Related content

Comments

Videos

More Videos

Senators McCain, Roberts have heated exchange over Obama’s Army nominee 02:32

Senators McCain, Roberts have heated exchange over Obama’s Army nominee

Sen. Edward Markey decries U.S. opioid ‘crisis’ in hearing for new FDA chief 02:38

Sen. Edward Markey decries U.S. opioid ‘crisis’ in hearing for new FDA chief

What's the big deal with Kevin McCarthy? 01:53

What's the big deal with Kevin McCarthy?

Watch 100-year-old Ida Keeling crush the 100 meter dash 01:03

Watch 100-year-old Ida Keeling crush the 100 meter dash

Canadian PM Justin Trudeau challenges Obama, British royals to "bring it" at Invictus Games 00:23

Canadian PM Justin Trudeau challenges Obama, British royals to "bring it" at Invictus Games

Death penalty politics 01:52

Death penalty politics

Why the Indiana primary matters for Ted Cruz and the 2016 election 03:30

Why the Indiana primary matters for Ted Cruz and the 2016 election

Why it's hard to keep the pounds off 03:01

Why it's hard to keep the pounds off

College sophomore from South Carolina honored at White House Correspondents Association dinner 00:27

College sophomore from South Carolina honored at White House Correspondents Association dinner

Obama's last White House Correspondents' Association Dinner speech 32:40

Obama's last White House Correspondents' Association Dinner speech

4 kittens rescued from fire in California 00:28

4 kittens rescued from fire in California

What are ‘bathroom rights’? 01:17

What are ‘bathroom rights’?

Share Video

Politics & Government Videos