Spending impasse blocks last-ditch budget deal in Washington
Senate Republicans and Democrats battled over spending as a government shutdown enters its third week and a looming debt limit threatens a default. Reid and McConnell pressed for a deal, with a bipartisan six-month funding plan stalled by Democratic demands to undo across the board cuts. The 350,000 federal workers idle and markets watch the stalemate amid warnings from IMF chief Lagarde of recession risk.
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