Comment on McConnell-Reid Debt Deal Close To Being Scrapped, Larger Package Reportedly In Reach

McConnell-Reid Debt Deal Close To Being Scrapped, Larger Package Reportedly In Reach

WASHINGTON -- The fail-safe debt ceiling plan crafted by the Senate's top two leaders, Harry Reid (D-Nev.) and Mitch McConnell (R-Ky.) – is close to being put on political life support, those familiar with negotiations tell The Huffington Post, as lawmakers coalesce around a major deal instead.Sources on the Hill Thursday morning expressed a newfound -- at times defeatist -- sense of worry about the political prospects of the proposal, which would cut roughly $1.5 trillion over ten years while granting authority to the president to suggest (but not sign off on) future spending cuts as a condition of raising the debt ceiling now.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News