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Republicans Scramble To Rewrite Debt Plan Following Figures Bungle

27/07/2011 13:47 BST | Updated 26/09/2011 10:12 BST

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.