Economy/Business News Alert: Boehner tells House GOP he will press ahead with his own plan for reducing the deficit

Sunday, July 24, 2011

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Economy/Business News Alert: Boehner tells House GOP he will press ahead with his own plan for reducing the deficit
July 24, 2011 5:23:18 PM
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Speaker John Boehner said in a conference call with House Republicans that he would continue to pursue a two-stage strategy that would give the Treasury only about $1 trillion in additional borrowing authority, forcing another debt-limit battle early next year.

Hours before Asian financial markets were set to open Sunday evening, House and Senate leaders are now threatening to pursue two different approaches to averting a government default.




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