X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell will push a revised budget plan this week aimed at allowing a debt-limit increase needed to avoid a government default as President Barack Obama presses for action in time for an Aug. 2 deadline.

Reid of Nevada and McConnell are amending a proposal to give Obama the power to raise the debt limit in response to complaints the plan does little to reduce the deficit. They are considering having House Republicans attach spending cuts to the legislation, according to a congressional aide, as well as provisions creating a committee of lawmakers charged with finding additional savings later.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Dig Deeper

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.