Originally published on Wed November 16, 2011 6:02 am
Transcript
RENEE MONTAGNE, HOST:
This is MORNING EDITION from NPR News.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep, good morning.
Let's remember a bit of very recent history. Back in August, Congress came close to defaulting on U.S. government debts. Republicans wanted big cuts in spending. They finally got some, but a deal with President Obama pushed more deficit reductions off to the future, to a bipartisan committee which has been meeting this fall, and now has one week left until its deadline to reach a deal.
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