Reid and McConnell Holding Talks on Preventing Default

Only a few days left before debt ceiling is hit


Time is running out.

All eyes are on Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) as they hold last-minute talks to prevent the U.S. government from defaulting on its $16.7 trillion debt and potentially plunging the country back into a recession.