Reid, McConnell praise progress in U.S. debt limit, funding talks
WASHINGTON Oct 14 (Reuters) - Senate Majority Leader Harry Reid said on Monday that he and his Republican counterpart, Mitch McConnell, have made strong progress toward reaching a deal to reopen the federal government and lift the U.S. debt ceiling, but there is still work ahead.
"We've made tremendous progress. We are not there yet," Reid said on the Senate floor. "We hope that with good fortune ... that perhaps tomorrow will be a bright day."
Reid and McConnell are trying to reach an agreement that would end a shutdown of many government agencies on Oct. 1 and lift the debt limit before the U.S. Treasury exhausts the nation's remaining borrowing capacity on Oct. 17, raising the risk of default.
"We've had a good day, we had a good day yesterday," McConnell said. "It's safe to say we've made substantial progress and we look forward to making more progress in the near future."
- Air strike kills 15 civilians in Yemen by mistake: officials
- Pope attacks mega-salaries and wealth gap in peace message
- North Korea says Jang Song Thaek, uncle of leader Kim Jong Un, executed
- Probation for drunk Texas teen driver who killed four sparks backlash
- North Korea executes leader's powerful uncle in rare public purge |