With the default deadline just two days away, prospects for a debt-limit deal seemed to significantly brighten early Sunday after the White House entered intense negotiations with Senate Minority Leader Mitch McConnell on Saturday in a last-ditch bid to forge a bipartisan agreement to raise the federal debt limit.
According to the Washington Post ,late Sunday afternoon, Senate Majority Leader Harry M. Reid (D-Nev.) had given his approval to the emerging debt deal, but must still present the plan to his caucus possibly later Sunday evening. “Senator Reid has signed off on the debt-ceiling agreement pending caucus approval,” his office said.
After emerging from a lengthy closed-door meeting with House Minority Leader Nancy Pelosi (D-Calif.) and other Democratic leaders late Sunday afternoon, Reid (D-Nev.) was asked whether he expects a vote on the deal tonight.
“I hope so,” he told reporters...
Find out more at http://www.washingtonpost.com/politics/congressional-leaders-struggle-to-work-out-bipartisan-debt-deal/2011/07/30/gIQAqdfdjI_story.html
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