Debt deal now up to the leaders

Townhall.com Staff
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Posted: Jun 27, 2011 9:39 AM
Debt deal now up to the leaders
President Obama will now take a leading role in negotiations to raise the debt limit, a test of his leadership that will have profound economic effects.

It appears negotiators will miss the July 1 deadline they set for themselves to reach an agreement after House Majority Leader Eric Cantor (R-Va.) abruptly withdrew from the talks last Thursday.