Debt ceiling deal: What's in the proposal - Aug. 1, 2011: "As described by the parties Sunday night, the plan includes no tax or entitlement reform measures up front, although theoretically it leaves the door open to both.
The House is set to vote before the Senate. They don't have much time. The debt ceiling must be raised by Tuesday.
A debt ceiling increase of between $2.1 trillion and $2.4 trillion: The framework will raise the debt ceiling immediately by $400 billion, then by another $500 billion after September."
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