These tea party critters continue to waste time while Rome burns. clo
Obama threatens to veto Republican budget plan
WASHINGTON | Mon Jul 18, 2011 12:33pm EDT
(Reuters) - President Barack Obama would veto the Republicans' "cut, cap and balance" plan on federal spending if it wins congressional approval and comes to his desk, the White House said on Monday.
"The bill would undercut the federal government's ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future," the White House said in a statement.
A vote is expected in the House of Representatives this week on the Republican plan, which would condition an increase in the debt limit on passage of a constitutional amendment to require the federal government to balance its books each year. Even if approved by the Republican-led House, the bill's chances of passage in the Democratic-controlled Senate are doubtful.
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