US debt ceiling crisis continues
<p><span word="Congressional">Congressional</span> <span word="negotiations">negotiations</span> <span word="to">to</span> <span word="end">end</span> <span word="a">a</span> <span word="US">US</span> <span word="fiscal">fiscal</span> <span word="crisis">crisis</span> <span word="gripping">gripping</span> <span word="Washington">Washington</span> <span word="and">and</span> <span word="spooking">spooking</span> <span word="financial">financial</span> <span word="markets">markets</span> <span word="hung">hung</span> <span word="by">by</span> <span word="a">a</span> <span word="thread">thread</span> <span word="on">on</span> <span word="Saturday">Saturday</span> <span word="after">after</span> <span word="bipartisan">bipartisan</span> <span word="talks">talks</span> <span word="broke">broke</span> <span word="down">down</span> <span word="in">in</span> <span word="the">the</span> <span word="House">House</span> <span word="of">of</span> <span word="Representatives">Representatives</span> <span word="and">and</span> <span word="shifted">shifted</span> <span word="to">to</span> <span word="Senate">Senate</span> <span word="leaders">leaders</span>.</p><p><span word="Senate">Senate</span> <span word="Majority">Majority</span> <span word="Leader">Leader</span> <span word="Harry">Harry</span> <span word="Reid">Reid</span>, <span word="a">a</span> <span word="Democrat">Democrat</span>, <span word="held">held</span> <span word="an">an</span> <span word="initial">initial</span> <span word="session">session</span> <span word="with">with</span> <span word="Senate">Senate</span> <span word="Republican">Republican</span> <span word="leader">leader</span> <span word="Mitch">Mitch</span> <span word="McConnell">McConnell</span>. <span word="But">But</span> <span word="uncertainty">uncertainty</span> <span word="remained">remained</span> <span word="about">about</span> <span word="their">their</span> <span word="ability">ability</span> <span word="to">to</span> <span word="reach">reach</span> <span word="an">an</span> <span word="agreement">agreement</span> <span word="quickly">quickly</span> <span word="to">to</span> <span word="end">end</span> <span word="a">a</span> <span word="partial">partial</span> <span word="government">government</span> <span word="shutdown">shutdown</span> <span word="and">and</span> <span word="increase">increase</span> <span word="the">the</span> <span word="nation">nation</span>'<span word="s">s</span> <span word="borrowing">borrowing</span> <span word="authority">authority</span>.</p><p><span word="Thursday">Thursday</span> <span word="is">is</span> <span word="the">the</span> <span word="deadline">deadline</span> <span word="for">for</span> <span word="raising">raising</span> <span word="the">the</span> <span word="debt">debt</span> <span word="ceiling">ceiling</span>, <span word="necessary">necessary</span> <span word="to">to</span> <span word="avoid">avoid</span> <span word="a">a</span> <span word="possible">possible</span> <span word="government">government</span> <span word="default">default</span>. <span word="The">The</span> <span word="Senate">Senate</span> <span word="was">was</span> <span word="scheduled">scheduled</span> <span word="to">to</span> <span word="meet">meet</span> <span word="on">on</span> <span word="Sunday">Sunday</span>, <span word="but">but</span> <span word="the">the</span> <span word="US">US</span> <span word="House">House</span> <span word="of">of</span> <span word="Representatives">Representatives</span> <span word="was">was</span> <span word="not">not</span>, <span word="so">so</span> <span word="Congress">Congress</span> <span word="will">will</span> <span word="be">be</span> <span word="cutting">cutting</span> <span word="it">it</span> <span word="close">close</span>.</p><p>"<span word="Economists">Economists</span> <span word="say">say</span> <span word="it">it</span> <span word="won">won</span>'<span word="t">t</span> <span word="be">be</span> <span word="long">long</span> <span word="before">before</span> <span word="financial">financial</span> <span word="markets">markets</span> <span word="react">react</span> <span word="negatively">negatively</span> <span word="to">to</span> <span word="this">this</span> <span word="continued">continued</span> <span word="uncertainty">uncertainty</span>," <span word="Reid">Reid</span> <span word="said">said</span> <span word="on">on</span> <span word="the">the</span> <span word="Senate">Senate</span> <span word="floor">floor</span>.</p><p>"<span word="The">The</span> <span word="life">life</span> <span word="savings">savings</span> <span word="of">of</span> <span word="ordinary">ordinary</span> <span word="Americans">Americans</span> <span word="are">are</span> <span word="at">at</span> <span word="risk">risk</span>."</p><p><span word="Among">Among</span> <span word="the">the</span> <span word="unresolved">unresolved</span> <span word="issues">issues</span> <span word="is">is</span> <span word="the">the</span> <span word="duration">duration</span> <span word="of">of</span> <span word="the">the</span> <span word="debt">debt</span> <span word="ceiling">ceiling</span> <span word="increase">increase</span>. <span word="House">House</span> <span word="Republicans">Republicans</span> <span word="were">were</span> <span word="pushing">pushing</span> <span word="a">a</span> <span word="boost">boost</span> <span word="that">that</span> <span word="would">would</span> <span word="last">last</span> <span word="only">only</span> <span word="six">six</span> <span word="weeks">weeks</span>, <span word="producing">producing</span> <span word="another">another</span> <span word="potential">potential</span> <span word="showdown">showdown</span> <span word="in">in</span> <span word="the">the</span> <span word="middle">middle</span> <span word="of">of</span> <span word="the">the</span> <span word="holiday">holiday</span> <span word="season">season</span>. <span word="Democrats">Democrats</span> <span word="want">want</span> <span word="to">to</span> <span word="push">push</span> <span word="the">the</span> <span word="next">next</span> <span word="debt">debt</span> <span word="ceiling">ceiling</span> <span word="deadline">deadline</span> <span word="at">at</span> <span word="least">least</span> <span word="well">well</span> <span word="into">into</span> <span word="new">new</span> <span word="year">year</span>.</p><p><span word="Also">Also</span> <span word="at">at</span> <span word="issue">issue</span> <span word="were">were</span> <span word="government">government</span> <span word="spending">spending</span> <span word="levels">levels</span> <span word="and">and</span> <span word="Republican">Republican</span> <span word="concerns">concerns</span> <span word="about">about</span> <span word="US">US</span> <span word="President">President</span> <span word="Barack">Barack</span> <span word="Obama">Obama</span>'<span word="s">s</span> <span word="signature">signature</span> <span word="healthcare">healthcare</span> <span word="law">law</span>, <span word="popularly">popularly</span> <span word="known">known</span> <span word="as">as</span> <span word="Obamacare">Obamacare</span>. <span word="Republican">Republican</span> <span word="demands">demands</span> <span word="for">for</span> <span word="defunding">defunding</span> <span word="Obamacare">Obamacare</span> <span word="led">led</span> <span word="to">to</span> <span word="the">the</span> <span word="shutdown">shutdown</span> <span word="on">on</span> <span word="Oct">Oct</span> 1.</p>
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