[RummyChick]

jbendery jennifer bendery
GOP aide confirms: Boehner will lay out debt plan to GOP members at 2pm that includes spending caps & balanced budget amendment.

[RummyChick]

from another thread:
John Boehner calls Rush. Rush’ report of conversation:

FIRST ROUND:

1.1 trillion in cuts (no denfense cuts)
1 trillion in debt increase
no tax increases

Commission of 6 members of each chamber to recommend the cuts

SECOND ROUND would require a vote on the balanced budget amendment

Would cuts be now or later? (the panel will decide that).

Rush: So we don’t know what the cuts are or when they will occur.

This plan takes us to next April.