Virginia Public Radio

The “Cap, Cut and Balance” Act on the floor of the U-S House of Representatives is only the first part of that chamber’s two-step plan to shave the federal debt.  It cuts the federal budget and sets spending caps… but it also raises the debt limit IF Congress passes a Constitutional amendment to require a balanced budget.  That amendment is sponsored by a Virginia Congressman … but as Virginia Public Radio’s Anne Marie Morgan reports, some of the Commonwealth’s elected officials have very different ideas about its wisdom.