House, Senate Split on Debt Deal

    President Barack Obama sits next to House Speaker John Boehner of Ohio, left, in the Cabinet Room of the White House, Saturday, July 23, 2011, in Washington, as they meet to discuss the debt. (AP Photo/Carolyn Kaster)

    Carolyn Kaster / AP Photos

    Not only are the Republicans and Democrats split on the debt-limit debate. Now the House and Senate have also gone their separate ways. House Speaker John Boehner continues to press for a two-stage plan, while Senate Majority Leader Harry Reid staunchly opposes any notion of a short-term deal, fearing it will only postpone the debt-deal battle. "Speaker Boehner's plan, no matter how he tries to dress it up, is simply a short-term plan, and is therefore a non-starter in the Senate and with the President," Reid said in a written statement. Reid's approach is said to meet the GOP criteria of spending cuts that match or exceed the amount of the debt-ceiling increase, and no new tax hikes.

    Read it at Washington Post