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Top Senate Democrat 'confident' of deal this week to avoid default

Senate Majority Leader Harry Reid (D-NV) speaks to reporters during the 14th day of the partial government shut down in Washington October 1
Senate Majority Leader Harry Reid (D-NV) speaks to reporters during the 14th day of the partial government shut down in Washington October 1

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said on Tuesday he was confident that Senate Democrats and Republicans can reach a comprehensive fiscal agreement this week that avoids a U.S. default on debt and other obligations.

"There are productive negotiations going on with the Republican leader. I'm confident we'll be able to reach a comprehensive agreement this week in time to avert a catastrophic default on the nation's bills," Reid said on the Senate floor.

"The Republican leader and I will keep our members informed as to how negotiations are going. And I express my appreciation to everyone for their patience," Reid said.

(Reporting By David Lawder; Editing by Bill Trott)

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