Monday, August 1, 2011
Bipartisan U.S. Debt Deal Reportedly Taking Shape
VOAVideo: Bipartisan U.S. Debt Deal Reportedly Taking Shape
The U.S. Senate has blocked a Democratic proposal to raise the federal borrowing limit and avoid a potential default on America's $14.3 trillion national debt. With both Republican and Democratic plans now defeated, focus shifts to last-ditch negotiations between congressional leaders and the White House. VOA's Michal Bowman reports lawmakers are expressing cautious optimism that a bipartisan deal may soon be at hand.