US Senate to convene as it grapples with budget impasse under cloud of default
WASHINGTON (AFP) - All eyes turned to the United States Senate on Sunday to work out a deal to remove the threat of a historic default, with just days before the United States reaches its borrowing limit.
The Senate was to convene for a rare Sunday session, grappling with an impasse that has shut the US government for nearly two weeks, sending tremors of concern around the world.
With the US projected to hit the limit of its borrowing authority on Oct 17, political leaders on both sides were maneuvering with increasing urgency to find a way out of the crisis, but with little to show so far.
"This is something that's wreaking havoc around the world and will affect economic growth, and I do hope that over the next week we'll reach a conclusion and I think we will," Republican Senator Bob Corker said on Fox News Sunday.