After President Obama rejected a bid from House Republicans for a short-term debt limit increase, all eyes are on the Senate as negotiations there are underway.<br/> <br />Senate Democratic Majority Leader Harry Reid met with his Republican counterpart, Mitch McConnell, telling reporters after that he wanted to cut a deal, although nothing had been decided.<br/> <br />(SOUNDBITE) DEMOCRATIC SENATE MAJORITY LEADER HARRY REID SAYING:<br/> <br />"I hope that our talking gives some solace to the American people and to the world. This hasn't happened until now. Senator McConnell asked to meet with me, I was happy to do that."<br/> <br />The Treasury Department has warned that -- for the first time in history -- the United States could default on its debt, if the nation's borrowing limit isn't raised before Thursday.<br/> <br />Lawmakers continue to scramble to try and put hundreds of thousand of federal workers back on the job, after their failure to pass a budget before October 1 led to a partial shutdown.<br/> <br />A
