Monday, 27 June 2011 07:39
'Bipartisan talks between the Obama administration and congressional leaders of both the Democratic and Republican parties would have a deal “beyond $1 trillion” in budget cuts before the Fourth of July recess, Vice President Joseph Biden said Tuesday, after the first of three scheduled meetings this week.
“I’m convinced that we can come up with an agreement that gets the debt limit passed and makes some real serious down payment on the commitment to 4 trillion bucks over the next 10 to 12 years,” he said, referring to the deficit reduction proposal made by President Obama in April.'
Read more: Obama's Trillion-Dollar 'Sacrifice' Plan Targets Health Care and Social Security
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