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Congress
Mark Wilson, Getty Images
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House Cancels Tuesday Night on Budget Bill

Time growing desperately short, Senate leaders took command of efforts to avert a Treasury default and end the partial government shutdown Tuesday night after a last big attempt by House Republicans abruptly collapsed.

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House Speaker John Boehner (R-OH) (L) and House Majority Whip Kevin McCarthy (R-CA) walk to a Republican caucus meeting at the U.S. Capitol,
House Speaker John Boehner (R-OH) (L) and House Majority Whip Kevin McCarthy (R-CA) walk to a Republican caucus meeting at the U.S. Capitol (Mark Wilson/Getty Images)
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House GOP Unveils Bill To Counter Senate Debt Plan [VIDEO]

Their backs against the wall, House GOP leaders scrambled Tuesday to forge a plan to counter an emerging bipartisan Senate deal to reopen the government and forestall a default on U.S. obligations.

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(L-R) U.S. Senate Minority Whip Sen. John Cornyn (R-TX), Senate Minority Leader Mitch McConnell (R-KY), and Sen. John Barrasso (R-WY) walk from McConnell's office to the Senate Chamber
(L-R) U.S. Senate Minority Whip Sen. John Cornyn (R-TX), Senate Minority Leader Mitch McConnell (R-KY), and Sen. John Barrasso (R-WY) walk from McConnell's office to the Senate Chamber (Andrew Burton/Getty Images)
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Senators Closing In On Deal To Reopen Government [VIDEO]

Senate leaders are closing in on an agreement to reopen the government and forestall an economy-rattling default on U.S. obligations.

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wall street
Spencer Platt, Getty Images
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Stocks Rise Amid Debt Ceiling Talks

Stocks rose Monday, helped by signs that Washington was moving closer to a deal that would avert a default by the U.S. government.

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Senate Minority Leader Mitch McConnell (R-KY)
Andrew Burton, Getty Images
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Reid, McConnell Optimistic On Debt-Shutdown Deal [VIDEO]

After weeks of stubborn gridlock, the Senate's top two leaders raced to reach an agreement Monday that could head off a first-ever U.S. Treasury default threatened for midweek and end the 14-day partial government shutdown.

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President Barack Obama (C) helps bag sandwiches with furloughed federal workers Health and Human Services
President Barack Obama (C) helps bag sandwiches with furloughed federal workers Health and Human Services (T.J. Kirkpatrick-Pool/Getty Images)
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Obama, Congressional Leaders To Meet Monday

President Barack Obama will meet with bipartisan congressional leaders at the White House Monday afternoon but says a default is a good possibility while Senate leaders say they are close to a deal.

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President Barack Obama (C) helps bag sandwiches with furloughed federal workers Health and Human Services
President Barack Obama (C) helps bag sandwiches with furloughed federal workers Health and Human Services (T.J. Kirkpatrick-Pool/Getty Images)
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Obama, Congressional Leaders To Meet Monday

President Barack Obama will meet with bipartisan congressional leaders at the White House Monday afternoon but says a default is a good possibility while Senate leaders say they are close to a deal.

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New York Stock Exchange
Spencer Platt, Getty Images
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Stocks Fall As Budget Talks Falter In Washington [VIDEO]

Stocks are opening lower on Wall Street after a breakdown in budget talks brought the nation closer to a potentially disastrous default on its debt.

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Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building
Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building (Andrew Burton/Getty Images)
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Default Looming, Day 14 Of Shutdown, No Solution

The United States moved perilously closer to an economy-rattling default and a partial government shutdown entered its third week as Senate Democratic and Republican leaders remained at odds over spending in their last-ditch negotiations to end the crises gripping the nation.

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Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building
Senate Majority Leader Harry Reid (D-NV) leaves the Capitol building (Andrew Burton/Getty Images)
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Reid, McConnell Still At Odds Over Budget [VIDEO]

Senate leaders hit a snag today in their efforts to end a political stalemate that has idled over 350,000 federal workers and presented the country with the threat of a debt default.

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