U.S. Senators back to Talking

Senate leaders are resuming talks aimed at avoiding a U.S. default and ending the 15-day-old government shutdown after the Republican-controlled House scrapped a vote on its plan.

Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, had suspended their talks earlier today while the House was considering its own bill.   “Senator Reid and Senator McConnell have re-engaged in negotiations and are optimistic that an agreement is within reach,” Adam Jentleson, Reid’s spokesman, said in a statement tonight.

The Reid-McConnell talks represent the clearest path to prevent U.S. borrowing authority from lapsing Oct. 17. They must reach a final agreement, get all 100 senators to permit an expedited vote and persuade House Speaker John Boehner to allow a vote that would pass largely with Democratic support.

Bloomberg

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