Washington (CNN) - The GOP-controlled House of Representatives is set to vote Thursday on Speaker John Boehner's plan to raise the nation's debt ceiling while enacting sweeping cuts in government spending - the latest attempt to avoid an unprecedented national default and stave off potential economic catastrophe.
Some Republicans have said this will be their last, best proposal. Senate Democrats warn the plan is dead on arrival on their side of Capitol Hill even if it passes the House.
This morning on American Morning, CNN's Kiran Chetry speaks with Rep. Phil Gingrey about his opposition to Speaker Boehner's plan and why he still supports a balanced-budget amendment.