CNNW Anderson Cooper 360 July 20, 2011
>> thats the house tonight passing h.r. 2560, better known as cut, cap and balance. now its a republican and tea party sponsored measure calling for massive spending cuts, a spending cap, and congress passing a balanced budget amendment. only then would the debt limit be allowed to go up, ending the current crisis. the measure was passed with just five democratic votes. senate democrats say theyll defeat it. if somehow they fail, president obama says hell veto it. in other words, its d...
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