Leader of the Democrats in the US Senate, Senator Harry Reid
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Harry Reid: 'It's time for us to compromise'

The US Senate has rejected a bill to increase the nation's borrowing limit. Lawmakers voted 59-41 against measures to raise the $14 trillion US debt ceiling and allow Washington to pay its debts.

The bill had earlier been passed by the House of Representatives with the deadline for a deal on the debt looming.

The leader of the Democrats in the US Senate, Senator Harry Reid, accused Republicans of not negotiating and said it was time for compromise.

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