Speaker of the House John Boehner has put together a PowerPoint presentation (accessible here) to explain the deal reached between congressional leaders and the president to raise the debt ceiling and cut spending. Boehner spoke with Republicans on a conference call, earlier this evening, to share the details of the deal with his caucus. Here are excerpts from that call: 

“The press has been filled with reports all day about an agreement. There’s no agreement until we’ve talked to you. There is a framework in place that would cut spending by a larger amount than we raise the debt limit, and cap future spending to limit the growth of government. It would do so without any job-killing tax hikes. And it would also guarantee the American people the vote they have been denied in both chambers on a balanced budget amendment, while creating, I think, some new incentives for past opponents of a BBA to support it.”