U.S. default looms as Senate talks make little headway

Hopes that a deal could be announced today, ending the shutdown of the U.S. government and averting a possible default later in the week, faded over the weekend. Talks continued in the Senate over the weekend, but they appear to have delivered little progress toward a compromise. Sen. Susan Collins, R-Maine, led a bipartisan proposal to break the deadlock, but Senate Democratic leaders rejected it because it would have continued through March budget cuts already made.

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