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Possible debt deal surfaces as talks near August 2 default
Washington reports fragile signs of a compromise on raising the debt limit as Senate leaders work with Obama. Options include a panel to endorse spending cuts or tying new debt authority to future cuts, while Bernanke and Dimon warn of severe economic harm if a default occurs. Geithner and Boehner urge progress before Friday to protect the U S credit rating amid looming August 2 reckoning.
MENTIONED IN THIS ARTICLE
Washington
Senate
Barack Obama
Majority
Harry Reid
D-New
Mitch McConnell
Kentucky
Federal Reserve
Ben Bernanke
Jpmorgan Chase
Jaime Dimon
U.S
McConnell
Reid
Obama
White Mouse
Congress
Joe Biden
Bernanke
Dimon
New York
White House
Jay Carney
John Boehner
Carney
United States
Treasury
Timothy Geithner
Capitol
Senate Democrats
Geithner
Wall Street