1. Showdowns

    Obama, Boehner Spar on TV

    House Speaker John Boehner of Ohio, center, joined by other GOP leaders, criticizes President Obama and Congressional Democrats for failure to end the debt crisis, Monday, July 25, 2011, on Capitol Hill in Washington, Monday, July 25, 2011. From left are, Rep. Jeb Hensarling, R-Texas, Boehner, Rep. David Dreier,, R-Calif., and House Majority Leader Eric Cantor of Va. (AP Photo/J. Scott Applewhite)

    J. Scott Applewhite / AP Photo

    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.

    Read it at The New York Times