CNNW CNN Newsroom August 1, 2011
the process, for that, i want you to take a look here. i will not try and walk you through it. it's a mess. the bottom line is 917 billion dml spending cuts with a special committee in charge of finding $1.5 trillion cuts by the end of the year, and the debt limit rises by $900 billion now, and $1.5 later. already, there is one potential wrinkle here. the nonpartisan budget congressional office says the plan would cut spending only by 1.5 trillion, not 2.4 trillion. we are following all the claims and repercussions as only cnn can. by colleagues join me, and if you don't believe this...