BR100 Increased By (1.02%)
BR30 Increased By (1.68%)
KSE100 Increased By (0.98%)
KSE30 Increased By (1.06%)
AGHA 7.69 Increased By ▲ 0.23 (3.08%)
BECO 5.31 Increased By ▲ 0.04 (0.76%)
BML 61.23 Increased By ▲ 3.97 (6.93%)
BOP 36.00 Increased By ▲ 1.25 (3.6%)
CNERGY 11.25 Increased By ▲ 0.19 (1.72%)
CSIL 6.17 Increased By ▲ 0.34 (5.83%)
FCCL 56.88 Increased By ▲ 0.46 (0.82%)
FFL 16.51 Increased By ▲ 0.10 (0.61%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.42 Increased By ▲ 0.10 (1.37%)
KOSM 6.05 Decreased By ▼ -0.10 (-1.63%)
LOTCHEM 27.20 Increased By ▲ 0.08 (0.29%)
MLCF 103.09 Increased By ▲ 5.15 (5.26%)
NBP 207.63 Increased By ▲ 0.75 (0.36%)
NCPL 61.92 Increased By ▲ 5.50 (9.75%)
NPL 72.18 Increased By ▲ 6.41 (9.75%)
OGDC 318.49 Increased By ▲ 2.19 (0.69%)
PACE 11.06 Increased By ▲ 0.19 (1.75%)
PAEL 44.38 Increased By ▲ 2.08 (4.92%)
PIBTL 16.90 Increased By ▲ 0.12 (0.72%)
PPL 222.48 Increased By ▲ 1.79 (0.81%)
PRL 63.81 Increased By ▲ 0.16 (0.25%)
PTC 73.16 Increased By ▲ 1.34 (1.87%)
SSGC 27.25 Increased By ▲ 0.17 (0.63%)
TBL 9.88 Increased By ▲ 0.16 (1.65%)
TELE 8.81 Increased By ▲ 0.08 (0.92%)
TPL 20.34 Increased By ▲ 0.94 (4.85%)
TPLP 14.97 Increased By ▲ 0.19 (1.29%)
TREET 24.10 Increased By ▲ 0.70 (2.99%)
TRG 62.37 Increased By ▲ 0.96 (1.56%)
Top News

Biden confident of debt deal approval

WASHINGTON : US Vice President Joe Biden said Monday he was confident that Congress would aprove a major austerity plan
Published Updated

joe-biddenWASHINGTON: US Vice President Joe Biden said Monday he was confident that Congress would aprove a major austerity plan to avoid a debt default as he met with skeptical members of his Democratic Party.

Speaking on Capitol Hill as the clock ticked toward Tuesday's deadline to raise the US debt ceiling, Biden said: "I feel confident that this will pass."

"My sense is that they expressed all their frustration," Biden told reporters. "I'd be frustrated if I were sitting there as well, being taken down to the wire like this."

Biden, a 36-year veteran of the Senate, was dispatched to Capitol Hill to defend the sweeping deal approved in marathon weekend talks.

A number of liberal Democrats have voiced anger at the deal, saying that the United States should not be considering nearly $2.5 trillion dollars in spending cuts without efforts to raise revenue.

Republicans, who won control of the House of Representatives in November elections, have held firm against tax increases.

 

Copyright AFP (Agence France-Presse), 2011

 

Comments

Comments are closed for this article.