Economy/Business News Alert: CBO: Reid debt-reduction proposal would save more than Boehner plan

---------------------------------------- Economy/Business News Alert: CBO: Reid debt-reduction proposal would save more than Boehner plan July 27, 2011 9:26:21 AM ---------------------------------------- The Congressional Budget Office said Wednesday that Senate Majority Leader Harry M. Reid's plan to reduce the nation's debt would fall short of its $2.7 trillion target, but save significantly more over the next decade than a bill introduced by House Speaker John A. Boehner. The announcement came a day after the CBO dealt Boehner's measure a potentially devastating setback, saying that spending cuts included in the House bill would save only about $850 billion over the next decade — far less than the $1.2 trillion advertised. http://link.email.washingtonpost.com/r/ZTVJ68/GKJPX5/OL2V9P/2RC4Q8/PXW1K/HK/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