High-level debt ceiling talks dragged on between administration and congressional officials Tuesday as lawmakers struggled to devise a way to overcome deep partisan divisions and avoid an unprecedented national default that could now be little more than one week away.
Publicly, neither Democratic nor Republican leaders indicated a willingness to consider the latest proposal put forward by their counterparts.
Senate Majority Leader Harry Reid, D-Nevada, called a plan put forward by House Speaker John Boehner, R-Ohio, a market-rattling "short-term solution" that "really isn't a solution at all." Boehner called Reid's blueprint a "blank check" for more uncontrolled spending that would undermine the economy.
Senate Minority Leader Mitch McConnell, R-Kentucky, called Reid's plan "another (Democratic) attempt to pull the wool over the eyes of the American people."FULL STORY