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."
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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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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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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