Federal government still has no debt plan as the deadline looms
POSTED: Wednesday, July 27, 2011 - 4:00pm
UPDATED: Tuesday, August 16, 2011 - 2:02am
NBC NEWS — The deadline is Tuesday, but in Washington there's no deal on the debt ceiling, and a major House vote had to be put off until tomorrow.
Speaker John Boehner scrambled to redo his plan, the day after he talked it up, but it fell short.
It didn’t hit the $1.2 trillion in savings he initially thought, but $850 billion.
The congressional budget office ran the numbers, and found the Democratic Senate plan slashed 2.2 trillion.
A deeper cutting tea party plan cannot pass said Democrats. Democrat Harry Reid urged to "ignore the extremists and meet in the middle of the road."
But across the road from the capitol, the tea party rallied.
Republican Rand Paul said, "The Boehner proposal will add seven trillion dollars to the debt over the next ten years. That is unacceptable and unsustainable."
With six days left, a senior republican staffer was caught urging the Boehner plan be defeated. GOP members were chanting fire him, fire him.