09/26/2013 12:47 pm ET | Updated Nov 26, 2013

Harry Reid Rejects House Republican Plan On The Debt Ceiling


WASHINGTON, Sept 26 (Reuters) - U.S. Senate Majority Leader Harry Reid, a Democrat, on Thursday rejected plans by Republicans in the House of Representatives to advance a debt limit increase bill that contains measures such as delaying "Obamacare."

Reid, speaking to reporters, rejected the debt limit increase bill House Republicans hope to vote on in coming days just hours after they unveiled it.

Treasury Secretary Jack Lew has informed Congress that the U.S. government will hit its $16.7 trillion limit on borrowing by Oct. 17.


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