What happens after the House debt limit vote

While House Speaker Boehner hopes the Senate will pass his measure, more likely is a last-ditch effort to find a compromise, The Associated Press says.

Boehner's plan and the Senate alternative have enough in common that Senate Majority Leader Harry Reid, D-Nev. suggested on Wednesday that a compromise could be easy to put together.

"Magic things can happen here in Congress in a very short period of time under the right circumstances," Reid said.

Posted at 07:21 AM in Economics and Finance | Permalink

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07/28/2011