House Speaker John Boehner (R-OH), right, speaks, while Majority Leader Eric Cantor (R-VA), left, and Majority Whip Kevin McCarthy (R-CA), center, stand behind him, during a news conference at the U.S. Capitol, on July 19, 2011 in Washington, DC. House Republicans introduced a cut, cap and balance plan would raise the debt ceiling $2.4 trillion, but only after significant spending cuts, and a constitutional amendment requiring a balanced federal budget. (Photo credit: Mark Wilson/Getty Images)
July 19th, 2011
07:47 PM ET
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