Reid: 'Cautiously optimistic' on debt deal
July 31st, 2011
12:14 PM ET
3 years ago

Reid: 'Cautiously optimistic' on debt deal

Washington (CNN) – Senate Majority Leader Harry Reid said Sunday there was no agreement yet on raising the federal debt ceiling, but "we are cautiously optimistic."


Filed under: Congress • Debt • Deficit • Harry Reid
Schumer: 'Relief' on Capitol Hill
July 31st, 2011
09:24 AM ET
3 years ago

Schumer: 'Relief' on Capitol Hill

Washington (CNN) – Sen. Chuck Schumer said Sunday there is no final agreement on a deal to raise the debt ceiling, but described a mood of "relief" on Capitol Hill.

"If there's a word right here that would sum up the mood, it would be relief, relief that we won't default," the No. 3 Democrat in the Senate said on CNN's "State of the Union." "That's not a certainty but default is far less of a possibility now than it was even a day ago."
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Filed under: Charles Schumer • Congress • Debt • Deficit • TV-State of the Union
McConnell: 'We're very close' to a deal
July 31st, 2011
09:06 AM ET
3 years ago

McConnell: 'We're very close' to a deal

Washington (CNN) – Senate Minority Leader Mitch McConnell said Sunday that a deal to raise the debt ceiling is "very close."

Appearing on CNN's "State of the Union," the Kentucky senator said Republicans and Democrats "made dramatic progress" Saturday over a $3 trillion package of spending cuts that would not include tax increases.
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Filed under: Congress • Debt • Deficit • Mitch McConnell • TV-State of the Union
State of the Union Early Bird for July 31, 2011
July 31st, 2011
04:26 AM ET
3 years ago

State of the Union Early Bird for July 31, 2011

(CNN)-It's early, and State of the Union is bringing you the best of the morning headlines to go with your cup of coffee.

This morning our guest host Gloria Borger will be bringing you the very latest on the debt ceiling negotiations, so be sure to watch our live interview with Senate Minority Leader Mitch McConnell at 9am ET.
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Filed under: TV-State of the Union
Senators say bipartisan plan necessary to avoid economic disaster
July 30th, 2011
07:19 PM ET
3 years ago

Senators say bipartisan plan necessary to avoid economic disaster

Washington (CNN) -– Three senators from across the spectrum of ideological positions said Saturday that a bipartisan debt ceiling deal was necessary in order to prevent economic crisis.

Sen. Mark Warner, a Democrat; Sen. Rob Portman, a Republican; and Sen. Rand Paul, a Republican associated with the tea party, all said they were willing to work with members of the opposite party to strike a deal. Yet all three offered different specifics when it came to plans.
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Filed under: Mark Warner • Rand Paul • Rob Portman
Reid, McConnell at odds on debt deal progress
July 30th, 2011
06:18 PM ET
3 years ago

Reid, McConnell at odds on debt deal progress

(CNN) - Senate Majority Leader Harry Reid, D-Nevada, said Saturday afternoon that GOP claims of new progress on a debt ceiling deal are "not true."

The Republicans "refuse to negotiate in good faith," Reid said. "The process has not been moved forward during this day."

Senate Minority Leader Mitch McConnell, R-Kentucky, said he remains "more optimistic" than Reid. "I think we've got a chance of getting there," he said.


Filed under: Harry Reid • Mitch McConnell
McConnell says he's spoken to Obama 'within last hour'
July 30th, 2011
04:03 PM ET
3 years ago

McConnell says he's spoken to Obama 'within last hour'

(CNN) - Senate Minority Leader Mitch McConnell, R-Kentucky, said Saturday afternoon that he had talked to President Barack Obama and Vice President Joe Biden "within the last hour" and is "confident and optimistic" that there will be an "agreement within the very near future."

A national default "is not going to happen," McConnell said.

House Speaker John Boehner, R-Ohio, also expressed optimism that an agreement is near. "In spite of our differences, we're dealing with reasonable, responsible people," Boehner said.


Filed under: Mitch McConnell
ANALYSIS: Debt fight shows tea party's influence - so far
July 30th, 2011
04:00 PM ET
3 years ago

ANALYSIS: Debt fight shows tea party's influence - so far

Washington (CNN) - As lawmakers this weekend try to reconcile the two dueling debt bills in the House and Senate, one of the strongest forces they have to reckon with is the influence of the tea party lawmakers.

Their numbers are not overwhelming – of the 435 lawmakers in the House of Representatives, only 60 are members of the tea party caucus. Still, analysts say they have wielded outsized influence on the trajectory of the debt fight so far - but are also using tactics that could risk a backlash with the public.
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Filed under: Debt • Tea Party
Reid and Pelosi head to White House for debt meeting
July 30th, 2011
03:30 PM ET
3 years ago

Reid and Pelosi head to White House for debt meeting

Washington (CNN) – A White House official says President Barack Obama will meet with Senate Majority Leader Harry Reid and House Democratic Leader Nancy Pelosi at the White House at 3:30 pm to receive an update on the situation in the House and Senate.


Filed under: Harry Reid • Nancy Pelosi
House rejects Reid's debt plan
July 30th, 2011
03:14 PM ET
3 years ago

House rejects Reid's debt plan

Washington (CNN) - The Republican-controlled House of Representatives has rejected the debt ceiling plan proposed by Senate Majority Leader Harry Reid, D-Nevada.

The plan was rejected in a sharply polarized 173-246 vote. Republicans unanimously opposed the measure while most Democrats backed it.

GOP leaders conducted the vote on Reid's bill under rules requiring a two-thirds majority for passage, thereby ensuring its defeat.


Filed under: Debt • Harry Reid
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