Boehner fails as expected
Where is the President?
Asian markets will likely panic. America is losing face as elected leaders demonstrate inability to perform the government’s business.
“News Alert: Boehner tells House GOP he will press ahead with his own plan for reducing the deficit
July 24, 2011 5:27:18 PM
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.