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Senate Leaders Negotiating Budget as Clock Ticks Down

U.S. Senate leaders are trying to craft a last-minute deal to fend off a looming U.S. default and reopen the federal government. Democratic Senator Harry Reid and Republican Senator Mitch McConnell resumed talks late Tuesday in an effort to strike an agreement that can pass both houses of Congress and be signed by President Barack Obama by Thursday. The legislation would have to pass the Senate and the House before a deadline Thursday, when the U.S. Treasury Department has said it will reach ...

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