Washington (CNN) — Because there is a growing consensus on Capitol Hill that the White House talks are unlikely to bear fruit, lawmakers in both parties are looking to a plan offered by Senate Minority Leader Mitch McConnell as the most likely legislative solution to avoiding a default. McConnell, R-Kentucky, and Senate Majority Leader Harry Reid, D-Nevada, are now considering adding to the measure in order to boost its chances of passing the GOP-controlled House and Democratic-led Senate. As described by McConnell at a news conference last week, his legislation would authorize the president to request of Congress debt ceiling increases in three increments between now and the end of next…
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on July 18, 2011. Filed under News.
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on July 18, 2011. Filed under