NEWS

Republicans Scramble To Rewrite Debt Plan Following Figures Bungle

27/07/2011 13:47 | Updated 26 September 2011

The Republican Party has had to re-write its plans to lift the US debt ceiling after miscalculating the spending cuts included in their proposal by almost $500m. A deal must be reached before the second of August as this is when the federal government is expected to effectively run out of money.

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