{"id":8732,"date":"2011-07-25T15:50:14","date_gmt":"2011-07-25T19:50:14","guid":{"rendered":"https:\/\/flsentinel.com\/?p=8732"},"modified":"2011-07-25T17:02:11","modified_gmt":"2011-07-25T21:02:11","slug":"no-deal-on-debt-ceiling","status":"publish","type":"post","link":"https:\/\/flsentinel.com\/?p=8732","title":{"rendered":"No Deal On  Debt Ceiling"},"content":{"rendered":"<p><strong>NEW YORK<\/strong> &#8212; The day started with congressional leaders trying to resolve the dangerous impasse over the debt ceiling &#8212; and calm any anxiety markets may have when they reopened Monday.<\/p>\n<p>It ended in a continuing impasse, with each party sketching out their own plans and showing little common ground.<br \/>\n<strong><\/strong><\/p>\n<p><strong>Senate Majority Leader Harry Reid<\/strong> said he is preparing a proposal to raise the ceiling through the end of 2012 and cut $2.7 trillion in debt. The measure would not call for any tax revenue increases.<\/p>\n<p>On the other side, <strong>House Speaker John Boehner<\/strong> told GOP lawmakers Sunday in a conference call that he wants a deal that sticks to the principles of the Cut, Cap and Balance bill that the House passed and Senate rejected last week.<\/p>\n<p>A key sticking point remains how much to raise the debt ceiling: Democrats want it raised enough so the issue won&#8217;t come up again until after the November 2012 election. <strong>Boehner<\/strong> has said that is impossible; he wants it raised in two, smaller increments.<\/p>\n<p>If Congress fails to act, the Treasury Department has said that on Aug. 2 it will run out of the cash it needs to pay all of the federal government&#8217;s bills on time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK &#8212; The day started with congressional leaders trying to resolve the dangerous impasse over the debt ceiling &#8212; and calm any anxiety markets may have when they reopened Monday. It ended in a continuing impasse, with each party sketching out their own plans and showing little common ground. Senate Majority Leader Harry Reid [&hellip;]<\/p>\n","protected":false},"author":210,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-8732","post","type-post","status-publish","format-standard","hentry","category-national-news","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts\/8732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/users\/210"}],"replies":[{"embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8732"}],"version-history":[{"count":0,"href":"https:\/\/flsentinel.com\/index.php?rest_route=\/wp\/v2\/posts\/8732\/revisions"}],"wp:attachment":[{"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flsentinel.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}