The August 2 deadline for Congress to agree on a budget deal and avoid defaulting is looming uncomfortably close. Last night, President Obama and Senate Majority leader Harry Reid said tonight that congressional leaders of both parties have agreed on a plan to lift the debt ceiling. They will present the plan to their caucuses this morning, and hope for the measure to pass through votes by both the House and Senate, in order to avoid a U.S. default by August 2. For more on the news for this week, we’re speaking with Todd Zwillich, The Takeaway’s Washington correspondent, who is reporting from Washington, D.C., and Charlie Herman, business and economics editor for The Takeaway and WNYC.
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