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McConnell Tries to Up Debt Limit and Stick It to Obama

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Senate Minority Leader Mitch McConnell (Ky.) on Tuesday unveiled a backup plan of last resort to increase the debt ceiling and cut spending.

And a GOP Senate aide criticized it as well, saying, "Many Republican Senators are furious that they were ambushed with this proposal that would have them vote to give Obama unilateral authority to borrow $2 trillion more in exchange for nothing. This wasn't leadership, it was surrender."

Still, Sen. Roy Blunt (R-Mo.) said he supports the McConnell contingency plan. But Blunt said it's really a "Plan Z."

Steven T. Dennis contributed to this report.

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