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McConnell says U.S. deficit deal is "very close"

Source: Thomson Reuters Foundation - Sun, 31 Jul 2011 13:19 GMT
Author: Reuters
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WASHINGTON, July 31 (Reuters) - Senate Republican leader Mitch McConnell said on Sunday that U.S. deficit negotiations are "very close" to a ${esc.dollar}3 trillion deal to raise the federal debt limit.

McConnell told CNN he hoped the deal would come soon and was confident that it would not raise taxes but set the stage for further deficit reductions down the road.

He said he expected a deal that he could recommend would win "a significant percentage" of Republican support. (Reporting by David Morgan)

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