WRC News 4 At 6 August 1, 2011
ceiling, it's the debt. >> reporter: some liberal house democrats will vote no. >> there's no balance. there are no revenues. god forbid, we would ask, as the republicans call them, the job creators, the millionaires and billionaires to pay anything. >> reporter: the compromised plan would cut about $1 trillion in spending right away, form a new bipartisan super committee to find another $1.5 trillion in savings by november. if congress fails to act on those recommendations this year, broad spending cuts are triggered. no follow-on deal by december would mean -- cuts in defense spend...