7/27/2011

Plans to reduce the U.S. deficit from Senate Majority Leader Harry Reid, D-Nev., and House Speaker John Boehner, R-Ohio, have a lot in common after the leaders softened their proposals in an effort to reach a compromise that can get through Congress, analysts said. A House vote on Boehner's plan was delayed so the bill could be rewritten. The Congressional Budget Office said the measure in its original form would cut spending by $850 billion, rather than the $1.2 trillion sought by Boehner.

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