WASHINGTON (AP) -- Republican lawmakers say House Speaker John Boehner (BAY'-nur) has told them he hopes to have a "viable
framework" for raising the nation's debt ceiling by 4 p.m. Eastern
time on Sunday.
That would be before stock markets open in Asia.
But a meeting Boehner convened Saturday evening with House
Democratic leader Nancy Pelosi, Senate Majority leader Harry Reid
and Senate Republican leader Mitch McConnell has ended with no word of a deal.
That followed a brief meeting at the White House this morning between the four congressional leaders and President Barack Obama.
Congress is facing an Aug. 2 deadline to raise the debt limit
and head off an unprecedented government default.
But lawmakers are expressing fear that the prospect of a default could start to affect markets even before it becomes reality, undermining investor confidence in U.S. stocks and bonds and triggering a worldwide plunge.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.