Publication Date:
Sun, 2011-07-31 08:45
The officials say the two sides are discussing a plan to raise the debt limit by about $2.4 trillion and enact spending cuts of a slightly larger amount in two stages.
The deal under discussion would also require Congress to vote on a balanced budget amendment to the Constitution, but not require its approval.
The officials spoke on condition of anonymity, citing the sensitivity of the discussions.
Taxonomy upgrade extras:
