WASHINGTON (Reuters) - The Senate will cancel its planned July 4 recess next week and remain in session beginning Tuesday, Senate Majority Leader Harry Reid said.
In making the announcement Thursday on the floor of the Senate, Reid noted the need for Congress to pass legislation raising borrowing authority. But he did not say that such a bill would be ready for the Senate to debate next week.
Instead, Reid, a Democrat, said Republicans were “willing to risk our economy” by standing in the way of a debt limit increase if a related deficit-reduction measure included any revenue increases.
Reporting by Richard Cowan; Editing by Doina Chiacu