Possible budget deal cuts $3 trillion
July 21st, 2011
03:00 PM ET
7 years ago

Possible budget deal cuts $3 trillion

Washington (CNN)– Talks between President Barack Obama and congressional leaders are focusing on a possible $3 trillion deficit reduction deal that would accompany a debt ceiling increase, congressional aides told CNN on Thursday.

The aides, who spoke on condition of not being identified, said the possible deal remained in limbo over disagreement on whether to extend Bush era tax cuts for families earning more than $250,000 a year, and nothing has been agreed to yet.

Filed under: Budget • Debt • Deficit • President Obama