Economy/Business News Alert: Boehner spokesman says staff is looking to rewrite speaker's debt plan

---------------------------------------- Economy/Business News Alert: Boehner spokesman says staff is looking to rewrite speaker's debt plan July 26, 2011 7:14:18 PM ---------------------------------------- After the Congressional Budget Office released figures late Tuesday night showing that House Speaker John Boehner's plan to raise the debt limit would fall short of the savings expected, Michael Steel, the speaker's spokesman, said that Boehner's staff is "looking to rewrite the legislation." Steel's statement: "We're here to change Washington – no more smoke-and-mirrors, no more 'phantom cuts.' We promised that we will cut spending more than we increase the debt limit – with no tax hikes – and we will keep that promise. As we speak, Congressional staff are looking at options to re-write the legislation to meet our pledge. This is what can happen when you have an actual plan and submit it for independent review – which the Democrats who run Washington have refused to do." http://link.email.washingtonpost.com/r/QJTXP3/405KGT/6WRJ0M/LASKSC/23RIL/T3/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