Senate Rejects Democratic Debt Limit Extension
WASHINGTON (AP) — The Senate has rejected a Democratic effort to extend the government's ability to borrow money through next year.
Before the vote, Republican senators said Majority Leader Harry Reid and Minority Leader Mitch McConnell have begun negotiations aimed at extending the country's borrowing limit and ending the 12-day-old government shutdown.
It was a near party-line vote — 53-45 — that derailed the Democratic measure. The 53 votes were seven short of the 60 required to overcome Republican objections to considering the measure.
Earlier in the day, House Speaker John Boehner told fellow Republicans that his talks with President Barack Obama have stalled.
The administration has warned it will deplete its borrowing authority by Oct. 17, risking a damaging federal default, unless Congress acts.
(©2013 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
Latest News:
Top Trending:
- Sasquatch Genome Project Reveals Bigfoot Photos
- Tricks To Using The New iPhone Software
- Enter The "Show Your Spirit' Sweepstakes
- Mexican Monster Truck Wreck Kills 8, Hurts Dozens
- Nolan, Daniels Involved In Heated Confrontation
- PHOTOS: Your Pet Pictures
