Obama Rejects Republican Proposal For Short-Term Debt Limit Plan: Report

President Barack Obama has rejected a Republican proposal for a short-term debt limit hike, the New York Times reports.

On Thursday, Republican House leaders offered Obama and the Senate a six-week hike of the debt limit, but no deal to reopen the shuttered federal government. Senate Majority Leader Harry Reid (D-Nev.) said earlier Thursday the deal was “not going to happen.”

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