Economy
9:04 am
Mon August 1, 2011

RI's Congressional delegation reviewing debt ceiling agreement

Providence, RI – Congressman Jim Langevin says he is reviewing a deal that would allow the federal government to avoid defaulting on its debt. The Rhode Island Democrat has not said whether he will support the deal. It calls for spending cuts, but would not raise taxes on the wealthy. Langevin says it is important that the US remain in good standing with its creditors. However, he says a fair solution should include both spending cuts and tax increases for higher income households.

Langevin will host a live telephone town hall meeting tonight at 5:30 to take questions from local constituents about the possible deal.

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