GOP and Democrats Deadlocked On Debt Ceiling

Republicans still refuse to consider any new taxes, and Democrats are just as adamant that a deal needs to include new revenue.

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By CBS NEWS
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Story Created: Jul 5, 2011 at 2:43 PM AKDT

Story Updated: Jul 5, 2011 at 2:43 PM AKDT

(CBS News)  

In a word: Deadlocked.

 

President Obama and Congress go back to work today, and one of the big items on their to-do list is a deal to cut the budget deficit and raise the federal debt limit. But CBS News senior White House correspondent Bill Plante reports there are no talks scheduled between Congressional Republicans and the White House over an agreement to raise the U.S. government's debt ceiling.

 

Republicans still refuse to consider any new taxes, and Democrats are just as adamant that a deal needs to include new revenue.

 

Bill Clinton to Obama: Don't blink
Anti-tax diehard looms large in debt showdown

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Anonymous said on Thursday, Jul 7 at 6:00 AM

Those d-- democraps. If it wasn't for that group of liberals America would have a chance of survival.We need to make the congress and Senate a two term office like the presidents. Pray we get rid of them this next election, especially that lying dog Bumo boy.He has ruined the United States with is left wing, liberal, radical muslim beliefs!!!

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