Boehner Revises Debt-Limit Proposal as Aug. 2 Deadline Nears
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House Speaker John Boehner revised his plan to raise the U.S. debt ceiling as he gained support among fellow Republicans for a proposal which Senate Democrats said will not pass their chamber.
Republican leaders were moving ahead with plans to vote on the measure tomorrow, less than one week before a potential U.S. default Aug. 2, and sought to ease party members’ concerns that it wouldn’t cut spending enough. The Congressional Budget Office said Boehner’s new plan would cut $915 billion in spending over a decade, still short of the $2.2-trillion Senate plan.