House Measure Fails; Budget Fight Back in Senate's Hands

WASHINGTON (AP) -- Senate Majority Leader Harry Reid and the top Republican in the Senate, Mitch McConnell, are talking again about a way out of the impasse that has closed much of the government and poses the risk of a national default. They're moving forward because a House alternative has collapsed. Hours after GOP leaders announced a night vote, the measure was pulled.

WASHINGTON (AP) -- A major credit rating agency has warned that the gridlock in Washington over the debt ceiling could threaten the government's AAA credit rating. Fitch has placed the credit rating on negative watch and will conduct a six-month review.

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