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Showdowns Obama, Boehner Spar on TV J. Scott Applewhite / AP Photo

Obama, Boehner Spar on TV

President Obama and House Speaker John Boehner took to the airwaves to make their case to the American people Monday—a sign that they are farther apart than ever before, just one week before a possible federal default. President Obama is now supporting Senate Democrats’ $2.7 trillion plan, which does not require any new revenue; Boehner’s plan would raise the debt ceiling by $1 trillion in exchange for $1.2 trillion in cuts, before raising it again next year contingent on further cuts. It’s unclear, however, if Boehner’s own caucus will support his plan. Although he tried to win over conservatives by previewing the plan to Rush Limbaugh, many Republicans in the House oppose any plan other than the “Cut, Cap, and Balance” plan passed last week. Those opposed include Rep. Jim Jordan, chairman of the Republican Study Committee, who stood beside Boehner Monday as he announced the plan.

July 26, 2011 6:21 AM