31 July, 2011

CNN Breaking News

"We're very close" to a deal on the debt limit, Senate Minority Leader Mitch McConnell, R-Kentucky, told CNN's "State of the Union" Sunday.

"We had a very good day yesterday," he said, adding that the two sides "made dramatic progress."

"I think I can pretty confidently say" that the current plan under discussion will provide a debt ceiling increase to avoid default, he said.

McConnell added that he is "very, very close to being able ... to recommend to my members that this is something that they ought to support."

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