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BREAKING NEWS

US Sen. Reid 'disappointed' by US debt talks

By REUTERS

JULY 24, 2011 05:25

WASHINGTON - US Senate Democratic Leader Harry Reid said on Saturday he was "deeply disappointed" in debt talks with Republicans, saying a lack of progress was bringing the United States closer to default.

Reid issued the statement following a meeting of congressional leaders. Reid insisted that a deficit reduction deal should also raise US borrowing authority through 2012 so that the US credit rating would not be downgraded.

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