Wednesday, August 3, 2011

W.Va. Senators Talk About Debt Vote

Staff Report, Parkersburg News and Sentinel

West Virginia's two U.S. senators issued statements Tuesday after the vote to reduce spending and raise the debt ceiling. Congress reached an agreement over the weekend to avert a default a financial disaster. "While the American people had to witness a needlessly dysfunctional partisan political process, they have a reason to be optimistic," Manchin said.Social Security and Medicare are protected while the package raised the debt limit by $2.4 trillion and cuts $917 billion in spending over 10 years, creates a committee of 12 named by the House and Senate leaders which must find from $1.2 trillion to $1.5 trillion, also over 10 years, in reductions by November that must be approved by Congress by the end of the year or else automatic cuts will occur in 2013. . . . . .

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