Senate leaders of both parties say they’re coming to grips with the possibility that the government shutdown could be compounded by a U.S. default that would almost certainly provoke a new crisis for the global economy, Politico reports.

“I don’t know in my 17 years here where I’ve seen a situation where a solution looked less likely,” said Sen. Roger Wicker,  R-Miss., of differences between House and Senate proposals to raise the U.S. debt ceiling.

“The change in mood was stunning” because senators in both parties thought Congress was “inches away from sealing an agreement to calm markets and restart the jobs of furloughed employees.” Source: politico.com

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