WASHINGTON (Reuters) - Lawmakers are making a last-ditch effort to put together $3 trillion to $4 trillion in deficit reductions to clear the way to raise the debt limit, a congressional Republican leadership aide told Reuters.
The aide also said leaders want to be able to "show progress" toward a deal by 4 p.m. EDT on Sunday, which would be before Asian financial markets open.
The aide said negotiators are looking at a "two step process" for the deal, but the aide would not provide details other than to say that no revenues would be part of the package.
(Reporting by Richard Cowan and Donna Smith; editing by Todd Eastham)
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