It's a debt ceiling race against time
WASHINGTON (AP) - The Senate gets back to work today on coming up with a debt reduction plan that Republicans and Democrats can agree on.
Lawmakers have four weeks to raise the government's borrowing power to avoid a government default. But there are no indications the two sides are any closer than they were before the holiday weekend.
Senate Majority Leader Harry Reid says Democrats have asked President Barack Obama to meet with them to discuss the situation - this after he rejected a GOP invitation.
And Obama's economic team has been invited to Capitol Hill Thursday to look at ways of putting together a package of spending cuts and tax hikes that might resolve the matter.
But Republicans have said that any tax hikes are a non-starter for a resolution.