The Senate's top leaders said the chamber will remain in sessionuntil lawmakers hammer out an agreement to raise the U.S. debtlimit, as President Barack Obama threatened to veto a proposal torequire the government to balance its budget as part of a debtdeal.

“We're going to stay in session every day, including Saturdaysand Sundays, until Congress passes legislation that prevents theUnited States from defaulting on our obligations,” Senate MajorityLeader Harry Reid, a Nevada Democrat, said on the chamber's floortoday.

His Republican counterpart, Mitch McConnell of Kentucky, calledit a “mutual decision” for the Senate to stay in session “until weresolve this crisis confronting our country.”

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