Senator Reid: ‘financial markets don’t trust the right wing’ - Las Vegas Democrat | Examiner.com
Senate Majority Leader Harry Reid presented his latest plan to raise the debt ceiling today, and most likely his last plan, to both republicans and democrats. The Senators plan would cut spending by $2.7 trillion and not raise any new revenues.
Republicans have been demanding both spending cuts and no new revenues, and Senator Reid has presented a plan that meets both of those criteria.
Senator Reid has also released a warning too Republicans, a warning that their inactions would worsened an already bad economy.
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