Debt ceiling negotiations update, July 31, 2011, 2:45 PM, Senate Minority Leader Mitch McConnell, Avoid default From the Wall Street Journal July 31, 2011. “With the risk of a government default less than three days away, congressional leaders on Sunday said they were getting closer to a deal that raises the government’s borrowing limit, resolving the federal debt crisis. “I can pretty confidently say this debt-ceiling increase will avoid default,” Senate Minority Leader Mitch McConnell (R., Ky.) said on CNN. Live Blog: The Debt Battle The White House and congressionalRead More