CNN CNN Newsroom July 18, 2011
essentially, it would give the president for all practical purposes the ability to increase the debt ceiling with really just a minority of support from congress. it would allow congress to voice its disapproval and this is something that the president would have to do in three increments over time between now and the november 2012 election. kyra, this doesn't address entitlement reform and certainly that idea of the tax increases, democrats are still demanding and the white house is still saying no to -- pardon me, that the white house also wants and republicans are say iing no to, ...