Monday, July 25, 2011

Senate and House Still Far Apart On Debt in 2 New Plans- -July-25-2011--


Senate and House Still Far Apart
On Debt in 2 New Plans-
-July-25-2011--WASHINGTON – 
The Democratic Senate and Republican House put themselves on a legislative collision course Monday as they moved forward with significantly different plans on how to raise the debt limit and avert a possible federal default next week. House Republican leaders pushed for a vote Wednesday on a two-step plan that would allow the federal debt limit to immediately be raised by about $1 trillion and tie a second increase next year to the ability of a new joint Congressional committee to produce more deficit reduction. 
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