McConnell: Debt deal ‘was literally within our reach’

Published July 25, 2011 4:00am ET



In an angry speech on the Senate floor, Minority Leader Mitch McConnell said Republicans and Democrats were tantalizingly close to an agreement to resolve the debt ceiling standoff over the weekend — until President Obama nixed the deal. “A bipartisan plan to resolve this crisis was literally within our reach this weekend,” McConnell said. “We offered the president a bipartisan proposal to avoid default so that we could have the time we need to put together a serious plan for getting our house in order. He rejected it out of hand.”

McConnell says that after Obama’s angry news conference late Friday afternoon, House and Senate Republican and Democratic leaders “got together and decided we needed to come up with a way forward on our own, and that’s just what we did.”  But Obama said no, reportedly in a White House meeting with Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi on Sunday.

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