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Senate leaders tout debt deal

Wednesday, October 16, 2013 - 01:35

Oct. 16 - The U.S. Senate reached an agreement to avert a historic lapse in the government's borrowing authority, a breach that could lead to default and deliver a damaging blow to the global economy. Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION). The U.S. Senate reached an agreement to avert a historic lapse in the government's borrowing authority, a breach that could lead to default and deliver a damaging blow to the global economy. Senate Majorty Ledare Harry Reid said, "this time it was really hard," to reach an agreement. Aides to House Speaker John Boehner called senior Senate staff earlier in the day to say the House would vote first on the measure, the aide said, adding that it appears certain to be approved with mostly Democratic votes. Both Democrats and Republicans are confident that the U.S. House of Representatives will have enough votes on Wednesday to pass an emerging bipartisan Senate plan to raise the U.S. debt limit and reopen the government, a top Democratic aide said.

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Senate leaders tout debt deal

Wednesday, October 16, 2013 - 01:35