Senators Harry Reid and Mitch McConnell, leaders of the Democratic majority and Republican minority in the US Senate, restarted negotiations late Tuesday with the aim of announcing an agreement Wednesday to reopen the government and raise the nation’s debt ceiling. The moves by the Senate came after the House of Representatives failed to vote on … Continue reading Debt Ceiling Impasse in the US Senate. Stripping US Bonds of their AAA Rating? “US Treasury has only $35 Billion in Cash Left on Hand”