July 13, 2011

Debt talks grind on, clock ticks toward default - Yahoo! News

Debt talks grind on, clock ticks toward default - Yahoo! News

Budget talks between President Barack Obama and his GOP rivals are at a frustrating standstill, leading a top Republican to launch a long-shot proposal to give Obama sweeping new powers to muscle through an increase in the government's debt limit without the approval of a bitterly divided Congress.