US Senate leader sees chance for breaking fiscal impasse
WASHINGTON (REUTERS) - Senate negotiations to bring a boiling fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees that the US federal government shutdown was about to end or that a historic default would be avoided.
Friday's optimism that a deal might be forged before financial markets opened on Monday vanished on Saturday and the talks moved from the acrimony of the House of Representatives to the Senate.
Negotiations that were likely to stretch into the week continued between the Senate's top Democrat and Republican.
Underscoring the urgency of resolving the impasse, both the Senate and House are scheduled to be in session on Monday, even though it is the Columbus Day federal holiday.