White House: 'Significant' deal on debt possible (AP)

[DaFozz]

http://us.rd.yahoo.com/dailynews/rs...om/s/ap/20110627/ap_on_bi_ge/us_debt_showdownAP - President Barack Obama plunged into deadlocked negotiations to cut government deficits and raise the nation's debt limit as the White House expressed confidence Monday that a "significant" deal with Republicans can be reached. But both sides only seemed to harden their positions as the day wore on, with the White House insisting on some higher taxes as part of the package and the Republican leadership flatly refusing to consider them.[/URL]

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