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Harry Reid: Debt deal not even close

WASHINGTON (Reuters) – Republicans and Democrats are not close to a deal to raise the debt ceiling despite what Republican leaders may say, Senate Democratic Leader Harry Reid said on Saturday. “It’s fair to say that the engagement there is not in any meaningful way,” Reid said on the Senate…

Democratic debt-limit bill falls short in House

WASHINGTON (Reuters) – A Democratic bill to raise the U.S. debt limit fell short in the Republican-controlled House of Representatives Saturday as it failed to get the supermajority vote needed for quick passage. By a vote of 173 to 246, the bill fell short of the two-thirds needed to pass…