US Senate kills Republican debt plan - Americas - Al Jazeera English: "The Democratic-led US Senate has voted to set aside a House-passed Republican bill to avert a potential ruinous debt default, setting the stage for weekend talks on forging a compromise plan.
Legislators voted 59-41 against Republican House Speaker John Boehner's measure to raise the $14.3 trillion US debt ceiling in two stages to enable Washington to pay its bills past a Tuesday deadline.
Democratic Senate Majority Leader Harry Reid said he hoped Republican Senate Republican Minority Leader Mitch McConnell would help work out a final deal, the outlines of which were far from clear with the clock ticking down.
The US economy hit its $14.3 trillion debt ceiling on May 16 and has used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating normally -- but can only do so through Tuesday."
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