Reid Denies Deal Is Close

    Senate Majority Leader Harry Reid (D-NV) answers reporters' questions during a news conference about the federal debt limit crisis at the U.S. Capitol July 27, 2011 in Washington, DC.

    Chip Somodevilla / Getty Images

    Senate Majority Leader Harry Reid insisted Saturday night that a debt deal was not near, while House Speaker John Boehner and Senate Minority Leader Mitch McConnell said Saturday afternoon that they had been “fully engaged” with President Obama about the debt-ceiling talks. President Obama “needs to indicate what he will sign,” McConnell said, while Reid said that "it's fair to say that the engagement there is not in any meaningful way. Republican leaders still refuse to negotiate in good faith." Earlier Saturday, House Republicans rejected Reid’s bill.

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