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US debt deadline hopes rise

By Richard Cowan and Rachelle Younglai | 皇冠体育app Daily | Updated: 2011-08-01 08:08

Leading Republican expresses optimism as talks continue

WASHINGTON - Hopes emerged that lawmakers were close to a last-minute deal on Sunday that could raise the US debt ceiling by $2.4 trillion and assure financial markets that default can be avoided.

Prospects that a significant package was within grasp brightened after Republican and Democratic leaders reopened stalled talks with the White House, and Senate Minority Leader Mitch McConnell said he was confident and optimistic.

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