Republicans on Wednesday appeared to be backing House Speaker John Boehner's revised plan to raise the debt ceiling despite an earlier rebellion. Boehner released his revised plan Wednesday, saying the latest version has been approved by the nonpartisan Congressional Budget Office, but the summary of his plan indicates it will fall short of his original goal of cutting $1.2 trillion in federal spending over 10 years as part of the first phase of cuts. The speaker noted that his plan is “far from perfect, but it’s a positive step forward that denies the president the $2.4 trillion blank check." The Senate's majority Democrats all lined up as well—in opposition to Boehner's new plan.
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