Sunday, July 31, 2011

Senate Takes A Break As Debt-Limit Talks Move Forward

Catalina Camia

The top Senate leaders expressed optimism today that a deal will be reached to raise the nation's debt limit and avoid a default that could wreak calamity on the global economy.
After taking a procedural vote, the Senate is in recess. Furious negotiations are going on between the White House and Senate Minority Leader Mitch McConnell, R-Ky., to reach a deal before Tuesday's deadline.
The outlines of the proposal on the table would raise the nation's $14.3 trillion debt ceiling in two stages . . . . .

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