Senate leaders 'making progress' in bid to resolve fiscal crisis: aide

WASHINGTON Mon Oct 14, 2013 11:14am EDT

Federal workers demonstrate for an end to the U.S. government shutdown on the west front of the U.S. Capitol in Washington, October 13, 2013. REUTERS/Jonathan Ernst

Federal workers demonstrate for an end to the U.S. government shutdown on the west front of the U.S. Capitol in Washington, October 13, 2013.

Credit: Reuters/Jonathan Ernst

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WASHINGTON (Reuters) - Senate leaders are "making progress" in their bid to resolve Washington's latest fiscal crisis but still seek agreement on two key points - length of an increase in the debt limit and a funding bill to reopen the government, a Democratic aide with knowledge of the talks said on Monday.

The senior aide rejected reports that negotiations between Senate Democratic Leader Harry Reid and Senate Republican Leader Mitch McConnell had stalled. The aide said a deal is possible within the next 24 hours," although at this point no new talks have been scheduled between the two. The aide said that could soon change.

(Reporting By Thomas Ferraro; Editing by Bill Trott)

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Comments (6)
Overcast451 wrote:
I don’t really know who Congress and the President work for now… but I know it’s not the people of the USA.

Oct 14, 2013 11:24am EDT  --  Report as abuse
It’ll be fun to watch China’s reaction when we go past Thursday without a resolution. Hold onto your hats!

Oct 14, 2013 11:31am EDT  --  Report as abuse
Bugzy wrote:
Remember next time a bank wants to foreclose your home, ask for an increase of debt limit and increase the number of years of repayment. Finally tell them that you can’t pay more than 2% interest rate for the rest of the mortgage term. Use the cash from the increase of your mortgage to pay them interest only while enjoying life. Do the same thing the next year and after until the bank does it automatically for you. Pass the debt and the house to your kids and teach them how to increase their debt limit too.
Life is simple…………only if we’re all allowed to do the same thing like USA.

Oct 14, 2013 11:35am EDT  --  Report as abuse
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