Debt committee: Decision time
November 19th, 2011
08:59 AM ET
9 years ago

Debt committee: Decision time

New York (CNNMoney) - With just days left for the bipartisan debt committee to agree to a deal or call it quits, the mood is pessimistic.

While the panel held some meetings with all 12 members present in the past two months, recent talks "have been taking place through ... shuttle diplomacy, trying to find ways to bridge the differences," Democratic Rep. Chris Van Hollen told CNN on Friday.

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Filed under: Congress • Debt • Deficit commission
Obama and GOP propose plans to salvage economy
November 19th, 2011
06:00 AM ET
9 years ago

Obama and GOP propose plans to salvage economy

Washington (CNN) - Pennsylvania Sen. Pat Toomey in the Republican weekly address Saturday forewarned viewers and listeners that America may soon mirror the current period in Europe he describes as being fraught with economic and social unrest.

"Across the Atlantic, we're watching a fiscal disaster unfold in Europe with social unrest, riots in the streets, governments failing, financial markets imploding and imminent bankruptcy," Toomey said. "Sadly, this is the inevitable result of an extended period of inadequate economic growth and wildly excessive debt."
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Filed under: Economy • GOP • President Obama • Republicans
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