Senate Democrats on Debt Ceiling
Four Democratic senators spoke to reporters about the House Republican “Cut, Cap, and Balance” bill, which passed in the House the previous … read more
Four Democratic senators spoke to reporters about the House Republican “Cut, Cap, and Balance” bill, which passed in the House the previous day. The senators said that the bill would dramatically alter Medicare and Social Security benefits. The legislation includes $111 billion in cuts to the 2013 budget, a cap on overall federal spending in future years, and requires Congress to pass a balanced budget amendment to the Constitution as a condition for raising the federal debt ceiling. close
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