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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:

  1. AnonymousJuly 31, 2011 at 3:40 PM

    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)

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