US Senate Democrats craft new debt limit bill

By REUTERS
July 25, 2011 01:46

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON - Democrats in the US Senate have developed a plan that would achieve around $2.5 trillion in savings over 10 years and provide the same increase to the Treasury Department's borrowing authority to take it through 2012, a senior Senate Democratic aide told Reuters.

The plan, which relies purely on spending cuts to reduce annual deficits, will be reviewed momentarily at the White House and still must be presented to rank-and-file Democrats. But Senate Majority Leader Harry Reid, a Democrat, hopes to send the measure to the Senate floor for passage early this week, according to the aide.

Related Content

Breaking news
August 16, 2018
Commander of IDF Military Headquarters under investigation for bribery

By ANNA AHRONHEIM