Senate rejects House GOP bill to cut spending; House speaker says no deal with Obama

◼ The 51-46 party-line Senate vote, and a decision by Senate Majority Leader Harry Reid, D-Nev., to cancel weekend Senate sessions, left unresolved the urgent issue of how to lift the nation's borrowing powers to avoid a first-ever U.S. default on Aug. 3. - Yahoo/AP
◼ Boehner Says Debt-Ceiling Accord With Obama ‘Not Close’ Amid Party Strife - Bloomberg
◼ Obama: I can’t raise debt ceiling on my own - USA Today