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  • Republicans Mulling Short Extension of Debt Cap (They're wimping out alert)

    06/10/2011 4:29:58 AM PDT · by Zakeet · 39 replies
    Fox Business ^ | June 10, 2011 | Charlie Gasparino
    As the deadline for raising the $14.3 trillion debt ceiling approaches, House Republicans are discussing a temporary extension of the cap so the country can avoid default and they can continue to negotiate large spending cuts with the White House, the FOX Business Network has learned. The discussions among key Republican staffers are by no means written in stone, according to people with knowledge of the matter. But they do reflect the tightrope Republicans must walk if they don’t reach an agreement with the Obama Administration. Treasury Secretary Tim Geithner has said that if the ceiling isn’t raised by August...