The U.S. House of Representatives today failed to override a Presidential veto on the State Children’s Health Insurance Program (SCHIP) legislation. The vote of 273 to 156 fell 13 votes short of the two-thirds majority needed for an override. The bill seeks a funding increase of $35 billion over five years for the existing program, while the White House prefers a funding increase of $5 billion. The increase in funding would raise the number of children currently under the program from 6 million to an estimated 10 million.
Tim is a licensed life insurance agent with 22 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites. You can find him on Twitter.