WASHINGTON (Reuters) – U.S. millionaires would be hit with a new 5 percent surtax to pay for President Barack Obama’s $447 billion jobs program under a new funding plan unveiled Wednesday by his fellow Democrats in the Senate. Senate Democratic Leader Harry Reid said he aims to hold votes within…
WASHINGTON (Reuters) – U.S. lawmakers were close to a last-minute $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure financial markets that the United States will avoid a potentially catastrophic default. “We’re very close,” said Senate Minority Leader Mitch McConnell, the top Senate Republican who is…