Tensions mount in Washington as U.S. debt ceiling crisis draws near

Published by
Reuters

By Susan Cornwell and Richard Cowan WASHINGTON (Reuters) -Tensions between Democrats and Republicans ratcheted higher on Monday as the U.S. federal government had about two weeks to reach a deal on its $28.4 trillion debt ceiling or face severe economic consequences, with Senate Majority Leader Chuck Schumer urging a vote this week. “We must get a bill to the president’s desk dealing with the debt limit by the end of the week. Period. We do not have the luxury of waiting until Oct. 18,” Schumer said in a letter to lawmakers. Senate Republicans have twice blocked action to raise the debt ceilin…

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