In 11th day of shutdown, Congress rushes to end fiscal deadlock

government shutdown, Congress, debt
House Speaker John Boehner (R-OH), left, and Rep. Eric Cantor (R-VA) attend a news conference with Republican House members in Washington on Oct. 10. Credit: Reuters

President Barack Obama will press his case for a quick reopening of the entire federal government coupled with an emergency increase of U.S. borrowing authority when he meets with Senate Republicans on Friday.

With a partial government shutdown in its 11th day and less than a week to go before the Treasury Department runs out of money to pay the government’s bills, the Democratic president has been urging congressional Republicans to end a fiscal impasse that has overtaken Washington and rippled through the country.

Vice President Joe Biden will join Obama in pressing for fast action, which could come by week’s end if a series of new efforts by Republicans in the House of Representatives and Senate bear fruit.

Late on Thursday, House of Representatives Republicans were looking at possible changes to a vague plan they floated that would give Obama a short-term debt limit increase — possibly lasting about six weeks — and reopen the government.

But many details had to be worked out, including what Republicans would get in return. House Speaker John Boehner said he and his fellow Republicans want solid commitments from Obama and his congressional Democrats on some longer-term deficit-reduction steps.

The Oct. 17 deadline for raising the U.S. debt ceiling or risking an historic default was daunting because any deal that is struck by leaders could face a revolt from conservatives in both the House and Senate.

That is particularly problematic in the Senate, where procedural delays can slow legislation for up to a week — about the time remaining before borrowing authority runs out, according to Treasury Secretary Jack Lew.

But public opinion polls showing Republicans were being blamed for forcing a government shutdown at the Oct. 1 start of the new fiscal year fueled a desire by many in the party to cut their losses.

Late on Thursday some senior House Republicans were optimistic. Representative Pete Sessions, who chairs the House Rules Committee that is a gatekeeper for all legislation headed for debate in the full chamber, said a deal could be struck as early as Friday.

If he is correct, that could queue up votes in the full House by this weekend.

Meanwhile, Senate Republicans were discussing a series of different ideas, including a fast reopening of the government coupled with a debt limit increase and the repeal of an unpopular medical device tax that would raise revenues to help pay for Obamacare healthcare subsidies. Under that plan, the revenues would instead be raised through some pension reforms.



News
Entertainment
Sports
Lifestyle
Local

NYPD: Suspect dead after two U.S. Marshals, cop…

A suspected sex offender died during a shootout inside a West Village smoke shop that left two U.S. Marshals and an NYPD detective wounded, officials said.

National

OkCupid admits to Facebook-style experimenting on customers

By Sarah McBrideSAN FRANCISCO (Reuters) - OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on…

Local

MTA fares still increasing 4 percent in newly…

The agency said the 4 percent increases, previously announced in December, will remain steady even as the MTA deals with increasing labor costs.

Local

De Blasio, Bratton defend city's efforts after Eric…

Mayor Bill de Blasio justified the city's response to the death of Eric Garner, a Staten Island man who died while in police custody earlier this month.

Movies

Interview: Brendan Gleeson on the way 'Calvary' depicts…

Brendan Gleeson talks about how his new film "Calvary" began over drinks and how his character here is the opposite of the lead in "The Guard."

Movies

'Get on Up' producer Mick Jagger on the…

Mick Jagger, a producer on the James Brown biopic "Get on Up," talks about the time had to tell the singer some bad news and his favorite JB record.

Television

'Glee' star Lea Michele to appear on 'Sons…

"Glee" star Lea Michele has been confirmed as a guest star in the final season of "Sons of Anarchy."

Television

TV watch list, Monday, July 28: 'The Bachelorette'…

See Andi Dorfman make her big choice on tonight's 'Bachelorette' finale.

NFL

Computer to Jets: Start Michael Vick over Geno…

Jets general manager John Idzik says the choice of who starts between second-year quarterback Geno Smith and veteran Michael Vick will be a “Jets decision.”

MLB

Yankees looking to trade for Josh Willingham: Report

CBS Sports’ Jon Heyman reported Sunday the Yankees are interested in Twins outfielder Josh Willingham.

MLB

Joe Torre: I'm in Hall of Fame because…

Joe Torre spent 18 years putting together a near Hall of Fame career as a player. But it was the 12 years he spent as…

MLB

Yankees GM Brian Cashman breaks down art of…

The action frequently accelerates as the non-waiver trade deadline approaches, as it will on Thursday.

Education

Babson College tops list of best colleges for…

Money magazine has just released its inaugural list of "The Best Colleges for Your Money" -- and the answers have surprised many. Babson College, which…

Education

NYC teens learn how to develop apps during…

Through a program sponsored by CampInteractive, the high schoolers designed their own community-focused apps.

Tech

The Ministry of Silly Walks app is both…

Monty Python have dug into their back catalogue for cash-ins once more, but with the Ministry of Silly Walks app, they've made something that's fun too.

Food

Zagat releases '30 Under 30' list

Zagat releases a list of the people changing the food and drink industry across the country.