PARCEL RETURN SERVICE, DC, Jul 19, 2011 — Lawmakers are voting today on a Republican measure to increase the government's borrowing limit and maintain America's "Triple A" credit rating. The House's GOP majority is backing a "cut, cap and balance" plan that would allow the U.S. to borrow some $2.4 trillion.
But first, politicians must agree to big spending cuts that will go into effect almost immediately. Republicans also want a constitutional amendment requiring a balanced federal budget. North Country Congressman Bill Owens, a Democrat, says he won't support the plan. He spoke with Chris Morris.