NO CONSENSUS Talks break down, US stays shut Republicans Angry As Obama Rejects Deal

Washington: Budget negotiations broke down on Saturday — just days before the nation reaches its borrowing limit — as angry Republicans said that President Obama had rejected their latest offer.      "It's now up to the Senate Republicans to stand up," said Representative Raul R Labrador of Idaho after House Republicans left a closed-door meeting in the Capitol. The message from Speaker John A Boehner had been grim, Republicans said. Representative John Carter of Texas described Obama as "acting like      royal president". "He's still my way or the highway,' " Carter said.      With House Republicans insisting that they have all but run out of options, and the House not scheduled to meet again until Monday, attention turned to the Senate. "The question is: What will Senate Republicans do, what will Senate Democrats do?" said Representative Adam Kinzinger, Republican of Illinois.  Obama earlier came out against a proposal to extend for just weeks the country's authority to borrow money. "It wouldn't be wise, as some suggest, to just kick the debt ceiling can down the road for a couple of months, and flirt with a first-ever intentional default right in the middle of the holiday shopping season," Obama said. Damage "to America's sterling credit rating wouldn't just cause global markets to go haywire; it would become more expensive for everyone in America to borrow money."      Though House Republicans — especially hardline conservatives — remain reluctant to accept any proposal that comes out of the Democratic-controlled Senate, the question now facing Boehner is whether he will be forced to send any Senate offering to the House floor for a vote. With concern growing that global financial markets could be thrown into turmoil if Congress does not agree to raise the debt ceiling by Thursday, Republicans said they did not know whether Boehner would have enough support from his most conservative members to put a plan that passes the Senate up for a vote. NYT & AGENCIES