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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.
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