"In this image from Senate television Senate Majority Leader Harry Reid of Nevada, speaks from the floor of the Senate late Saturday, July 30, 2011, at the Capitol in Washington. ""There are many elements to be finalized...there is still a distance to go,"" Reid cautioned in dramatic late-night remarks on the Senate floor. Still, his disclosure that ""talks are going on at the White House now,"" coupled with his saying progress had been made, offered the strongest indication yet that a default might be averted.(AP Photo/Senate Television)"
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