‘Really close’ to debt deal as deadline nears (AP)

Posted by admin | Posted in Politics | Posted on 31-07-2011-05-2008

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Senate Minority Leader Mitch McConnell, R-Ky., returns to his office following a vote as the debt crisis continues on Capitol Hill in Washington Sunday, July 31, 2011. (AP Photo/Harry Hamburg)AP – Racing to avoid a government default, President Barack Obama and Republican congressional leaders reached urgently for a compromise Sunday to permit vital borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. Senate Republican Leader Mitch McConnell said the two sides were “really, really close” to a deal after months of partisan fighting.

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