Conservatives Demand Balanced Budget in Debt Deal

Budgets? Do those still happen?

A coalition of conservative groups on Thursday demanded that Congress only raise the nation's $16.4 trillion debt limit if a path to a balanced budget is enacted.

The groups say the plan must balance the budget within 10 years and not include higher taxes.

"Conservatives should not raise our nation's statutory debt limit unless Congress passes and the president signs into law real reforms and immediate spending reductions that place America on a path to balance within 10 years without raising taxes and keeping the budget in balance," a memo from the groups says.