Analysis: Debt ceiling 'grand bargain' needed

Friday - 7/15/2011, 6:35pm EDT

Maya MacGuineas, director of the Fiscal Policy Program, New America Foundation

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As the debt ceiling debate heats up, political pressure from across both sides of the aisle have cooled any talk of a "grand bargain," that could avert a government default.

But Maya MacGuineas, president of the Committee for a Responsible Federal Budget and the director of the Fiscal Policy Program at the New America Foundation, told Federal News Radio such a compromise could still happen. And it would be good news not only for the government's credit score but also the country's longterm economic picture, she said.