U.S. Senator Dick Durbin makes his case concerning the federal debt ceiling debate

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With time running out, U.S. Senator Dick Durbin says something has to happen – now – to resolve the dispute over the federal debt ceiling.

But Durbin is as much in the dark as anyone about what a successful deal might look like.

Durbin says he is willing to make some compromises to avoid a catastrophic default as early as June 1, but says Republicans have to be willing to give some ground, too.

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