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Congress lumbers while threatened default looms

October 12, 2013 • Business


From left, Sen. Dick Durbin, D-Ill., Sen. Charles Schumer, D-N.Y., President Barack Obama, Senate Majority Leader Harry Reid of Nev., Sen. Patty Murray, D-Wash., meet in the Oval Office of the White House, Saturday, Oct. 12, 2013, in Washington. The federal government remains partially shut down and faces a first-ever default between Oct. 17 and the end of the month. (AP Photo/Carolyn Kaster)

WASHINGTON (AP) — Republicans and Democrats in Congress lumbered through a day of political maneuvering Saturday while a threatened default by the Treasury crept uncomfortably closer and a partial government shutdown neared the end of its second week.

“We haven’t done anything yet” by way of compromise, Majority Leader Harry Reid, D-Nev., said after Senate leaders took control of efforts to end the impasse, although he and other Democrats said repeatedly there was reason for optimism.

Across the Capitol, tea party caucus Republican Rep. John Fleming of Louisiana said there was “definitely a chance that we’re going to go past the deadline” on Thursday that Treasury Secretary Jack Lew has set for Congress to raise the $16.7 trillion debt limit.

Lawmakers in both parties said Login to read more

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