House to vote on cut, cap deal next week

Reuters News
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Posted: Jul 15, 2011 10:13 AM
House to vote on cut, cap deal next week

WASHINGTON (Reuters) - The House of Representatives will vote next week on a "cut, cap and balance" plan that calls for any debt deal to include spending cuts and caps along with a balanced budget amendment, lawmakers said on Friday.

Even if the measure passes the Republican-led House, it is not likely to pass the Democrat-dominated Senate.

(Reporting by Andy Sullivan and Donna Smith)