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43 Senate Republicans oppose Dem debt bill

July 30, 2011

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WASHINGTON—Forty-three Senate Republicans say they oppose Democratic leader Harry Reid's bill to cut spending and raise the nation's borrowing authority.

In a letter released Saturday, the GOP lawmakers said the bill "completely fails" to address the nation's fiscal imbalance and relies on gimmicks to cut spending. Reid's measure would raise the debt limit by up to $2.4 trillion.

At the start of an unusual Saturday session, Reid said he was willing to listen to Republican ideas to make his bill better because time was running short. The Treasury Department has said the nation's debt limit must be raised by Tuesday or there could be a government financial default.