Reid, Boehner Offering Competing Plans to Raise Debt Ceiling
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House Speaker John Boehner and Senate Majority Leader Harry Reid attacked each other’s plans for Congress to lift the U.S. $14.3 trillion debt ceiling and avert default before an Aug. 2 deadline.
President Barack Obama plans to address the nation from the White House at 9 p.m. Washington time on the partisan standoff, with Boehner responding in a separate appearance.