July 16, 2011Debt limit crisis: what's happening today?
The nation is hurtling towards debtmageddon, so Democrats and Republicans are spending the weekend in intense negotiations over possible plans to raise the government’s borrowing limit. Aren’t they?
Umm, not that we know of. There aren’t any face-to-face negotiations scheduled this weekend between President Obama and Republican leaders, though that could change.
The White House has told top lawmakers to keep their schedules free for a possible meeting, probably on Sunday, according to Politico.
In his Saturday video address, Obama said that he was willing to take a “balanced” approach to putting the nation’s fiscal house in order, including some measures his own party does not like, such as reforming Medicare.
http://www.csmonitor.com/USA/Politics/The-Vote/2011/0716/Debt-limit-crisis-what-s-happening-today
