Battle over debt ceiling rages on as deadline looms near
By: Bill O'ReillyJuly 27, 2011
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STORY EXCERPT
CBS News: With less than a week to go before the Obama administration's August 2 deadline for raising the national debt limit, Democrats and Republicans continue to spar over the relative merits of two separate proposals - one Republican, one Democratic - and a bipartisan agreement appears far from the horizon. Leaders from both parties continued on Wednesday to push for their own plan while lambasting the other. Neither House Speaker John Boehner's Republican proposal nor Senate Majority Leader Harry Reid's Democratic plan, however, appears to have the necessary votes to pass through Congress.
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