US parties hopeful for deal on US debt limit

Subject: US parties hopeful for deal on US debt limit Sun Jul 31, 2011 1:35 am

Democrats and Republicans have expressed cautious optimism about the chances of raising the US debt limit by Tuesday and averting possible default.

Republican Senate leader Mitch McConnell said there was "a level of seriousness with the right people at the table" as talks continued.

Senior Senate Democrat Richard Durban spoke of "a more positive feeling".

In a sign of the level of anxiety over the issue, troops in Afghanistan asked Adm Mike Mullen if they would be paid.

The admiral, who as chairman of the Joint Chiefs of Staff is on a visit to southern Afghanistan, said he did not know whether that would be the case if the US fails to raise the $14.3tn (£8.7tn) limit by 2 August.

Democrats and Republicans have so far rejected each others' proposals for cutting spending and raising the debt limit.

http://www.bbc.co.uk/news/world-us-canada-14354088

US parties hopeful for deal on US debt limit

US parties hopeful for deal on US debt limit

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