Boehner Fights Internal Strife on Veto-Threatened Debt Plan
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House Speaker John Boehner, battling resistance from within his own party as he intensifies a debt-ceiling standoff with President Barack Obama, worked to salvage his plan to tie the nation’s borrowing power to spending cuts and budget controls.
With less than a week before a possible default, the Republican-led House remained on a collision course with the Senate and the White House. The non-partisan Congressional Budget Office said both chambers’ debt-cutting plans fall short of promised savings. Senate Majority Leader Harry Reid’s plan would save $2.2 trillion over 10 years, short of its $2.7 trillion goal, the CBO said today.