Partisan Divides Harden in Debt Talks as Options Rejected
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Lawmakers in both parties said their options were narrowing for reaching an accord on reducing long-term deficits as congressional leaders rejected key elements of a possible bipartisan deal to raise the U.S. debt limit.
Republicans said they wouldn’t agree to any measure that raised taxes or contemplated automatic tax increases to rein in future deficits. Democrats continued to insist that Social Security cuts be omitted from the discussions.