Economy/Business News Alert: Boehner tells GOP he plans to unveil new debt strategy within 24 hours

---------------------------------------- Economy/Business News Alert: Boehner tells GOP he plans to unveil new debt strategy within 24 hours July 23, 2011 3:56:19 PM ---------------------------------------- House Speaker John A. Boehner (R-Ohio) told his troops Saturday that he hopes to roll out a two-step strategy within the next 24 hours for raising the federal debt limit and restraining the national debt to avoid roiling Asian financial markets when they open Sunday, according to a participant in the conference call. In the call with his House GOP colleagues, Boehner said he still hopes to slice as much as $4 trillion out of the federal budget over the next decade, despite the collapse of talks with President Obama on Friday over a bipartisan "grand bargain" to reduce the government's spiraling debt. http://link.email.washingtonpost.com/r/DME6KX/GKJF3P/45S96Z/CB516J/51EL0/ZH/h For more information, visit PostBusiness.com ---------------------------------------- Get The Washington Post app for iPad, iPhone or iPod Touch. http://itunes.com/apps/thewashingtonpost ---------------------------------------- Get breaking news alerts sent to your mobile phone. Sign up by texting NEWS to 98999. To unsubscribe, click here ---------------------------------------- ©2011 The Washington Post Company Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, DC 20071