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Shutdown: Dems to try debt ceiling increase

Washington (AP) -- Democrats controlling the Senate are planning to try to pass a stand-alone measure to increase the government's borrowing cap, challenging Republicans to a filibuster showdown that could unnerve financial markets as the deadline to a first-ever default on U.S. obligations draws closer.
    
A spokesman says Senate Majority Leader Harry Reid could unveil the measure as early as today, setting the table for a test vote later in the week.
    
The measure is expected to provide enough borrowing room to last beyond next year's election, which means it will likely permit $1 trillion or more in new borrowing above the current $16.7 trillion debt ceiling.
    
The development came as a partial shutdown of the government enters its second week with no sign of ending.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 
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