WASHINGTON — Amid discord over how to solve the nation’s fiscal problems, key senators Sunday held out hope that a deal can be struck before Thursday’s deadline to raise the debt ceiling, after which the federal government, already hobbled by a shutdown, could risk a default.
“I do believe we’re going to see a resolution this week,” said Sen. Susan Collins (R-Maine), one of the leaders of a bipartisan Senate group that has tried to negotiate a solution to the shutdown of government agencies and the need to lift the debt limit.
A plan by Collins would have raised the federal debt limit through Jan. 31, funded federal agencies through March and made minor changes to President Obama’s healthcare law. Senate Democratic leaders have not accepted Collins’ proposal although Senate aides say some elements of it could figure in a final deal.
Click here to read the full article on LATimes.com.