Saturday, July 30, 2011

News Alert: Senate Vote on Debt Limit Postponed Until Sunday Afternoon

Breaking News Alert
The New York Times
Saturday, July 30, 2011 -- 10:17 PM EDT
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Senate Vote on Debt Limit Postponed Until Sunday Afternoon

The Senate will delay a crucial vote on the Democratic debt ceiling bill until 1 p.m. tomorrow amid growing indications that a compromise is in the works that will avert a federal default on Tuesday.

The delay averts a 1 a.m. legislative showdown in the Senate and all-night wrangling that Democrats had threatened on Friday. And it suggests that the looming deadline is working to pressure both sides toward a last-minute agreement.

Read More:
http://www.nytimes.com/2011/07/31/us/politics/31fiscal.html?emc=na

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