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Democrats Reject Republican Offer to Avert Budget Changes - Bloomberg

Senate Majority Leader Harry Reid rejected the latest Republican offer to resolve the U.S. fiscal crisis as Minority Leader Mitch McConnell reached out to Vice President Joe Biden in an effort to break the impasse.

"The sticking point appears to be a willingness or interest or frankly, the courage to close the deal," McConnell, a Kentucky Republican, said on the Senate floor today. "I'm willing to get this done, but I need a dance partner."

Reid said Democrats won't agree to use a new inflation measure sought by Republicans for calculating Social Security cost-of-living increases as part of a short-term deal.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Dec 30th, 2012 at 03:25:46 PM EST
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