July 24, 2011 / 12:28 AM / 6 years ago

Sen. Reid "disappointed" by U.S. debt talks

<p>U.S. President Barack Obama (C) sit with House Speaker John Boehner (R-OH) (L) and Senate Majority Leader Harry Reid (D-NV) during a meeting about the debt limit at the White House in Washington July 23, 2011.Yuri Gripas</p>

WASHINGTON (Reuters) - Senate Democratic Leader Harry Reid said on Saturday he was "deeply disappointed" in debt talks with Republicans, saying a lack of progress was bringing the United States closer to default.

Reid issued the statement following a meeting of congressional leaders. Reid insisted that a deficit reduction deal should also raise U.S. borrowing authority through 2012 so that the U.S. credit rating would not be downgraded.

Reporting by Donna Smith and Richard Cowan; Editing by Eric Walsh

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