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Republicans Might Accept ‘Mini’ Deal on Debt Ceiling, Senate’s Cornyn Says

Posted By admin On July 4, 2011 @ 3:30 am In Featured Stories,Money Watch | Comments Disabled

Angela Greiling Keane
Bloomberg [1]
July 4, 2011

Republicans might accept a “mini” deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said yesterday on “Fox News Sunday.”

The idea may delay politically difficult decisions if it’s structured to postpone action on a larger package of spending cuts or revenue increases until after the 2012 election cycle, an analyst said.

“What we’ve been calling for is to have a down payment that’s as big as possible,” Marc Goldwein, former associate director of President Barack Obama’s debt commission, said yesterday in an interview.

The Senate shortened its July 4 recess and will remain in Washington to discuss a deal this week to raise the nation’s $14.3 trillion debt limit. The Obama administration is negotiating with Congress on reducing the long-term budget deficit as part of a plan to raise the limit before borrowing authority expires.

Full article here [1]

Republicans Might Accept ‘Mini’ Deal on Debt Ceiling, Senate’s Cornyn Says  030511banner3 [2]

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URLs in this post:

[1] Bloomberg: http://www.bloomberg.com/news/2011-07-03/republicans-may-accept-mini-debt-ceiling-deal-cornyn-says.html

[2] Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Rep. Ron Paul: House Republicans would be “foolish” to accept debt limit deal: http://www.prisonplanet.com/rep-ron-paul-house-republicans-would-be-%e2%80%9cfoolish%e2%80%9d-to-accept-debt-limit-deal.html

[5] White House Defends Obama’s Senate Vote against Raising Debt Ceiling But Warns of Catastrophe If GOP Doesn’t Raise Debt Ceiling: http://www.prisonplanet.com/white-house-defends-obama%e2%80%99s-senate-vote-against-raising-debt-ceiling-but-warns-of-catastrophe-if-gop-doesn%e2%80%99t-raise-debt-ceiling.html

[6] Deal Framework Reached on Raising U.S. Debt Ceiling: http://www.prisonplanet.com/deal-framework-reached-on-raising-u-s-debt-ceiling.html

[7] Republicans Considering “Temporary” Debt-Ceiling Increase: http://www.prisonplanet.com/republicans-considering-temporary-debt-ceiling-increase.html

[8] Senate Attempt To Block Debt Ceiling Increase Fails: Debt Target Is Now $15.2 Trillion, Or Over 100% Of GDP: http://www.prisonplanet.com/senate-attempt-to-block-debt-ceiling-increase-fails-debt-target-is-now-15-2-trillion-or-over-100-of-gdp.html

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