Boehner: debt deal cuts $917 billion over 10 years

WASHINGTON Sun Jul 31, 2011 9:17pm EDT

WASHINGTON (Reuters) - The U.S. debt deal struck on Sunday cuts spending by $917 billion over 10 years and tasks a panel with finding at least $1.5 trillion more to trim, House of Representatives Speaker John Boehner said.

In a presentation prepared for a call with his fellow Republicans, Boehner said the joint commitee would have to present its findings to Congress by November 23, with an up-or-down vote required by both the House and Senate by December 23.

(Reporting by Laura MacInnis and Andy Sullivan)