Late stab at debt-limit deal to avert US default

The U.S. Capitol in Washington is illuminated as the debt-limit stalemate continues Saturday night, July 30, 2011. (AP Photo/J. Scott Applewhite)

July 30, 2011 9:16:01 PM PDT
In a last-minute stab at compromise, Republican congressional leaders and the White House made significant progress Saturday toward a deal to avert a government default threatened for early next week, according to officials familiar with the talks.