Page 9 - 2nd Deadline News Today : Breaking News, Live Updates & Top Stories | Vimarsana

If congress and the president cannot secure a deal by august 2nd, the u.s. risks default. right now, intense negotiations underway on capitol hill to reach a bipartisan agreement and steve centanni is live with us in washington with the latest. >> hi, with the clock ticking it's a backup plan for any defaults of the u.s. if it's not reached by the august 2nd deadline. here is how the mcconnell plan will work. that would allow the president to raise the debt ceiling in three phases, congress might vote to ace approve, but probably not be able to override the president's veto of the know vote an...

>> now moody's and standard and poor's credit rating agencies are warning the country's aaa credit rating could be at risk if there's no deal to raise the debt ceiling by the august 2nd deadline. >> housing probably slows down, job creation definitely slows down, stock market probably gets hit, too. >> president obama reportedly knew about moody's warning before heading into debt negotiations with congressional leaders yesterday afternoon. it was the fifth meeting in a row and sources say the most contentious yet. >> house will be in order. >> with just 19 days to make a deal, the two sides ap...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.