|
A deal in Congressional debt debate or NFL labor dispute - which concerns you more?
Posted: 07.15.2011 at 11:28 AM
|
As Congressional leaders and the White House seek a compromise on whether to increase the national debt ceiling, a multi-billion dollar industry and an American passion - the National Football League - seeks its own compromise.
Over the last several months, NFL owners and the player's union have debated everything from salaries to off-season workout rules. But after months of debate that, at times seemed hopeless, sources close to the negotiations say progress is being made "during marathon talks" between the two sides. Enough so that hopes are now raised that a tentative agreement in principle could perhaps come within 24 hours.
A different debate has consumed Capitol Hill, with, at least at the moment, a different outlook. If a compromise was to be reached between Republican leaders and the White House within 24 hours, it might come to the surprise of many.
Friday Congressional leaders are expected to see if members might be open to the idea of passing one of three deficit reduction options.
With an Aug. 2 deadline looming and no compromise jelling at the White House, President Barack Obama had to settle for asking congressional leaders to take the three deficit reduction options to their members to see which, if any, can win a vote in the House and Senate.
Credit rating agency Standard & Poor's said Thursday there is a 50 percent chance it will downgrade the U.S. Government's credit rating within three months because of the congressional impasse over approving an increase in the debt ceiling. Moody's Investors Service says it is also reviewing the government's triple-A bond rating.
The Associated Press contributed to this story.
Which of the two disputes - debt ceiling or NFL lockout - are you more interested in seeing a compromise? Why?