|Page (1) of 1 - 07/30/11||email article||print page|
Democrats, GOP still deadlocked with timing running out to head off market-rattling default
WASHINGTON (AP) ' The GOP-controlled House and the Democratic Senate remain at loggerheads over debt legislation that's required to avoid a first-ever default on U.S. financial obligations as lawmakers and the White House head into the weekend in search of compromise.
Weekend talks follow a week of extraordinary partisanship that was capped by a power play by Senate Democrats killing a GOP-drafted debt limit increase and budget-cutting bill less than two hours after it squeaked through the House. Senate Majority Leader Harry Reid set up a test vote for the wee hours of Sunday morning to break a GOP filibuster.
Before then, however, the House was set to even the score by voting Saturday to reject an alternative measure by Reid even the Senate has taken it up.