Senate vote on debt limit postponed until Sunday afternoon

Published 8:12 pm Saturday, July 30, 2011

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