WASHINGTON -- The House's leading proposal to add a balanced budget amendment to the U.S. Constitution contains a provision that could cause default on Treasury securities for the first time, House Speaker Thomas Foley warned yesterday.

In a speech before the National Press Club crafted in a last-ditch effort to derail the amendment, the Washington Democrat said the version authored by Rep. Charles Stenholm, D-Tex., would require a three-fifths vote of Congress to raise the public debt limit once the balanced budget requirement takes effect.

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