July 28, 2011
The Associated Press. Senate Majority Leader Harry Reid of Nev., right, joined by Sen. Charles Schumer, D-N.Y., speaks at a news conference on Capitol Hill in Washington on Wednesday to discuss the conflicting plans to deal with the debt crisis.
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WASHINGTON -- Crisis concerns rising, House Republican leaders shrugged off a White House veto threat and an outbreak of tensions within their own party Wednesday as they built support for legislation to stave off the government default threatened for next week. Worried Wall Street sent stocks plunging on fears that political gridlock would prevail.