Big debt deal off table: Mitch McConnell

Reuters News
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Posted: Jul 10, 2011 9:48 AM
Big debt deal off table: Mitch McConnell

WASHINGTON (Reuters) - Senate Republican leader Mitch McConnell said on Sunday he believed a broad $4 trillion deficit-reduction plan was off the table as part of a deal to raise the debt ceiling.

McConnell, appearing on "Fox News Sunday", also said he wanted to pursue the biggest debt reduction deal possible, but without raising taxes. He said no one in Congress was seriously talking about not raising the borrowing ceiling and allowing the nation to default on debts.

(Reporting by Vicki Allen, Editing by Sandra Maler)