Republican leader offers "last-choice option" on debt limit

07/12/2011 | New York Times (tiered subscription model), The · CNN

U.S. Sen. Mitch McConnell, R-Ky., proposed a "last-choice option" to head off a debt default, as talks to raise the debt ceiling remained deadlocked. McConnell said Congress should consider giving President Barack Obama authority to raise the debt limit. The White House and Democrats expressed interest in the approach, but some conservative Republicans denounced it as a panic-driven sellout.

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New York Times (tiered subscription model), The · CNN

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