WYMT | Eastern KY | News, Weather, Sports

Senate leads hunt for shutdown and debt limit deal

Senate leaders have taken the helm in the search for a deal to end the partial government shutdown and avert a federal default.

MGN Online

WASHINGTON (AP) - Senate leaders have taken the helm in the search for a deal to end the partial government shutdown and avert a federal default.

Senate Majority Leader Harry Reid met Saturday with Senate Minority Leader Mitch McConnell. Reid told reporters that while there is still a long way to go, the mere fact that they are negotiating is a good sign.

Sunday marks the 13th day of a federal shutdown that continues to idle 350,000 government workers and curtail a wide range of government services.

More ominously, Thursday draws another day closer. That's when the Obama administration warns that the U.S. will deplete its borrowing authority and risk an unprecedented federal default.

Economists say a default could send shockwaves throughout the U.S. and global economies.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 227577291 - wkyt.com/a?a=227577291