Tags: Lawmakers Looking at 3-4 Trillion Deal Aide

Lawmakers Looking at $3-4 Trillion Deal: Aide

Saturday, 23 Jul 2011 04:12 PM

 

WASHINGTON -- U.S. lawmakers are making a last-ditch effort to put together $3 trillion to $4 trillion in deficit reductions to clear the way to raise the debt limit, a congressional Republican leadership aide told Reuters.

The aide also said leaders want to be able to "show progress" toward a deal by 4 p.m. EDT Sunday, which would be before Asian financial markets open.

The aide said negotiators are looking at a "two step process" for the deal, but the aide would not provide details other than to say that no revenues would be part of the package.

© 2015 Thomson/Reuters. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved