House Approves 'Cut, Cap, and Balance' Deal

By: Melisa Raney Email
By: Melisa Raney Email

"The yeas are 234 and the nays are 190, the bill is passed!"

The "Cut, Cap and Balance" plan passed the republican controlled house with ease Tuesday night.

Former White House Press Secretary Ari Fleischer says:

"They passed a budget. The senate has not. They passed cuts today. The senate has not. And President Obama in his budget never proposed to do anything about the debt except to let it grow."

The bill is not expected to pass in the senate.

And president Obama has said he would veto such a bill.
But he did voice interest in a bipartisan plan proposed by the so-called "gang of six."

"The framework that they put forward is broadly consistent with what we've been working on here in the White House and with the presentations that I've made to the leadership when they've come over here."

But some warn there wouldn't be enough time to pass the plan by the August 2nd deadline.

Fleischer says:

"Don't over interpret what the gang of six did. It actually is not the language of a grand bargain. It's kicking the can down the road so a grand bargain gets negotiated again later. It's not to do all its work before August 2nd."

Debt talks are expected to continue later today. (7-20)

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