Debt hope: Obama praises ‘Gang of Six’ plan

WASHINGTON (AP) — President Barack Obama and a startling number of Republican senators lauded a bipartisan deficit-reduction plan today that includes $1 trillion in higher taxes, raising hopes of a last-minute compromise to repair the nation’s finances while averting a government default. Wall Street saluted as well. Obama said he hoped congressional leaders would “start talking turkey” as soon as Wednesday along the lines of the Senate “Gang of Six” proposal.