Senate Democrats to insist on 'clean' debt limit bill: Reid
WASHINGTON (Reuters) - Senate Democrats will insist on "clean" bills to raise the federal debt limit and restore government funding that are free of conditions, Senate Majority Leader Harry Reid said on Thursday.
"We will act on a clean debt ceiling," Reid told reporters.
The Treasury has forecast that it will exhaust all of its borrowing capacity on October 17 if Congress fails to raise the $16.7 trillion U.S. debt limit, putting the United States at risk of a historic default that economists say would cause major turmoil in global financial markets and economies.
(Reporting By David Lawder)
- Exclusive: Secret contract tied NSA and security industry pioneer |
- U.S. aircraft hit by gunfire in South Sudan as conflict worsens
- With Fed out of the way, what's next on Wall Street?
- Analysis: Lost Brazil order raises threat to Boeing fighter jets
- Four men arrested in deadly N.J. shopping mall carjacking