NEW : Sen. Reid revises his plan to bring $ 2.4 trillion in savings . The plan , as amended Friday , also calls for congressional passage of a balanced budget amendment to the Constitution before the second vote to raise the debt ceiling , which would likely be required at some point during the winter . NEW : Defense Secretary Panetta asks for patience from the military . Comment: Congress must raise the $ 14.3 trillion debt ceiling by August 2 or risk default .
NEW : Sen. Reid revises his plan to bring $ 2.4 trillion in savings . NEW : Defense Secretary Panetta asks for patience from the military . Comment: Congress must raise the $ 14.3 trillion debt ceiling by August 2 or risk default .