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SALT LAKE CITY -- As the debt debate continues to plague members of both the Republican and Democratic Party, Utah Sen. Mike Lee believes a deal will come in time before the Aug. 2 deadline, but it will come at the last minute.
Although he believes a deal is imminent, he said it would leave the country with $2.5 trillion of new debt, which will probably not be enough to satisfy U.S. creditors. In addition, he said it is likely the nation's debt rating will be downgraded.
His biggest issues with the debt talk are that there are not enough people involved in the negotiations.
"I've been frustrated by the fact that instead of occurring on the floor of the Senate and the floor of the House, most of the debate has occurred behind closed doors by just a few leaders," Lee said.
While taking part in the debates, Sen. Lee has been fighting for new debt legislation that would cut, cap and balance the nation's limit of debt.