WASHINGTON — The Senate will delay a crucial vote on the Democratic debt ceiling bill until 1 p.m. tomorrow amid growing indications that a compromise is in the works that will avert a federal default on Tuesday.
The delay averts a 1 a.m. legislative showdown in the Senate and all-night wrangling that Democrats had threatened on Friday.
And it suggests that the looming deadline is working to pressure both sides toward a last-minute agreement.
Read more at http://www.nytimes.com/2011/07/31/us/politics/31fiscal.html?emc=na
