Reid confident US debt cap to be raised long term
Sun, 31 Jul 2011 02:51 GMT
WASHINGTON, July 30 (Reuters) - U.S. Senate Majority Leader Harry Reid said on Saturday that he was confident that any deal to raise the country's borrowing cap will extend the limit for the long term.
"I'm confident that a final agreement that will adopt the Senate's long term approach rather than the short term band aid proposed by the House of Representatives will move forward," Reid said.
"There can be no short-term agreement and I'm optimistic there will be no short term arrangement whatsoever," he said.
Democrats want to extend the country's debt limit beyond the 2012 November election. Republicans have proposed raising the $14.3 trillion limit in stages. (Reporting by Richard Cowan, Rachelle Younglai; editing by Anthony Boadle)
Leave a comment:
IMPORTANT: Your comment will not appear immediately as we vet all messages before publication. We don't publish comments that are racist or otherwise offensive. Nor do we publish comments that advertise products or services. Please keep your comment concise and do not write in capitals.
Post a Comment
Post a Comment