Republicans might accept a â€œminiâ€ deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said yesterday on â€œFox News Sunday.â€
The idea may delay politically difficult decisions if itâ€™s structured to postpone action on a larger package of spending cuts or revenue increases until after the 2012 election cycle, an analyst said.
â€œWhat weâ€™ve been calling for is to have a down payment thatâ€™s as big as possible,â€ Marc Goldwein, former associate director of President Barack Obamaâ€™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 nationâ€™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.
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.