Baucus: Bi-partisan health care bill possible

Sen. Max Baucus, chairman of the Senate Finance Committee, said Thursday he feels the committee will reach a bipartisan agreement on overhauling healthcare.

Baucus said both Democrats and Republicans are working to reach an agreement.

Speaking to reporters after meeting with members of his committee, Baucus said "all participants clearly want to reach an agreement."

Committee negotiations continued Thursday to find a way to pay for the $1 trillion 10-year cost of the overhaul with revenues both parties will accept.

President Barack Obama wants the Senate to complete work before the August recess.