Angry Reid Says House Trying to 'Torpedo' Debt Deal

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With the credit limit deadline looming, House Republicans unveiled their own proposal Tuesday even as bipartisan negotiations continued in the Senate to end the shutdown.

The Senate plan would reopen the government until Jan. 15 and extend the Treasury Department's ability to borrow money until mid-February with no major changes to Obamacare.

"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," Senate Majority Leader Harry Reid, D-Nev., told his colleagues on the Senate floor Tuesday.

But House Republicans' proposal could jeopardize that deal.

"Our leadership team met with our members today trying to find a way forward in a bipartisan way that would continue to provide fairness to the American people under "Obamacare," House Speaker John Boehner, R-Ohio, said.

Angered by the move, Reid accused "extremist" House Republicans of "attempting to torpedo the Senate's bipartisan progress with a bill that can't pass the Senate, can't pass the Senate and won't pass the Senate."

The House plan tracks closely with the Senate plan when it comes to the short-term funding to reopen the government and extend the debt ceiling deadline.

But it will also include several Obamacare provisions, like eliminating health care subsidies for members of Congress and suspending the medical device tax for two years.

At this point it is unclear when either the House or the Senate will move forward with legislation. The deadline to raise the debt ceiling is Oct. 17.

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