CNNW AM Wake Up Call July 20, 2011
>> now, the plan does not address the debt ceiling. you see the debt clock there. it ticks down to august 2nd. thats when the u.s. could start defaulting on some of its bills. it could be a jumping-off point for a bigger deal. here are some of the highlights of the plan according to cnn senate forces, it shaves about $4 trillion off the debt load. rejiggers the tax load, cuts short-term spending by about $500 billion. it changes the entire budgeting process and it reforms social securi...
Source: archive.org