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Sunday, July 31, 2011

'Very Close' To Debt Deal; Boehner Plan With An Escape Hatch

A Republican source close to the negotiations tells NBC News that both sides are "very close" to agreement on a two-step debt-ceiling deal.

It is essentially the original Boehner plan -- without the balanced-budget amendment and with modified triggers, what amounts to an escape hatch if a joint committee can't get the cuts needed. The plan would get enough in cuts, roughly $1 trillion, to last about six or seven months.

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1 comment:

Anonymous said...

Really, John? No Balanced Budget Amendment? Congress has been asked to do this for 50 yrs. If you can't get it done this time around, kiss the USA goodbye. (on your way out)