CNNW CNN Newsroom July 25, 2011
expected to roll out a plan to cut spending by $2.7 trillion while raising the debt by 274 trillion. reid's plan would not include tax increases which republicans refuse to consider nor would it touch entitlements. my colleague, dan lothian is watching it all from his post at the white house. dan, what is the president's position first on raising the debt in installments? >> reporter: he want it is to go through 2012 and there is a sense at the white house and treasury department in particular even if you had some sort of short-term fix that raises the debt ceiling through the rest o...
Source: archive.org