Free Republic

The No. 2 Republican in the Senate said Tuesday that he has heard the Treasury Department may be announcing soon that it can extend the Aug. 2 deadline to increase the nation's ability to borrow money to give bipartisan negotiators more time to cut a deal on the debt. Sen. Jon Kyl, R-Ariz., didn't say where he heard the plan, but if true the decision would give critical breathing space for lawmakers and the White House who have not been able to overcome a budget impasse. "We know for sure they are going to update the deadline (Friday)," a House...