Washington (CNN) -- President Barack Obama will deliver a statement on the status of the debt ceiling talks Friday morning -- one day after House Republican leaders pulled their plan back from consideration when it became clear they did not have the votes to pass it.
GOP leaders will try to bring Speaker John Boehner's bill to a vote again by the end of the day.
The delayed vote on the measure -- already pronounced dead on arrival in the Democratic-controlled Senate -- revealed a deep rift within the GOP that could undermine the party's latest attempt to avoid an unprecedented national default and stave off potential economic catastrophe. Watch the Report on CNN
Did you know that in 1947, to keep the nation running, Washington only collected $2,522(in today's $)per capita in Federal revenue. Today it collects over $2.165 trillion in Federal revenue, that's about $10,200 per capita. This blog uses facts to help expose the endless torment of our two party political system. From incumbent trash that lingers on, to constantly bringing up the $110 trillion plus in unfunded liabilities from entitlement programs.
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