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

Tattooed, bearded suspect sought in Williamsburg bike theft:…

The suspected thief faces grand larceny charges after investigators said he entered the building on North 5th Street in Williamsburg.

Local

Report: Rich New Yorkers don't move from NYC…

An Independent Budget Office analysis found that the wealthiest residents don't move out of the city any more or less than other New Yorkers.

National

Pioneers for domestic violence push on

Reporter was commissioned to write this in-depth article. Two decades have passed since the O.J. Simpson trial captivated the country. But in the 20 years…

Local

Food truck with a mission hires at-risk New…

A group branding itself as food trucks for social justice specifically hires and trains young men and women with troubled pasts.

Television

TV watch list, Tuesday, July 22: 'Royal Pains,'…

Catch a new episode of "Royal Pains" where Hank has to help out a housesitter.

Entertainment

'Bachelorette' recap: Episode 10, 'Men Tell All'

Why does the #MenTellAll episode exist? Because they don’t, and it shouldn’t. Is it a lazy vehicle to sell more ad space? Is it to…

Television

Olivia Williams explains the ins and outs of…

Olivia Williams plays a botanist beginning to suspect her physicist husband's work on the Manhattan Project might be ominous in WGN America's "Manhattan."

Movies

Scarlett Johansson on 'Lucy':' 'I guess I’m the…

Scarlett Johansson continues her foray into action movies with thriller “Lucy”, admitting it’s been an unexpected adventure.

NFL

5 players to watch at Giants training camp

Metro takes a look at five players who will be on everyone’s mind when Giants training camp gets underway.

NFL

'Vicktory dogs' travel road to rehabilitation seven years…

Of the dozens of dogs groomed by Bad Newz Kennels, 48 were rescued and 22 of the pit bull terriers have emerged at Best Friends Animal Society.

MLB

Yankees looking at trade for Cliff Lee, according…

Yankees looking at trade for Cliff Lee, according to report

NFL

Giants lineman Chris Snee to retire: Reports

The Giants report to training camp on Tuesday, but Chris Snee may not be there when they do.

Parenting

Buy gently worn back-to-school clothes with Kidizen

Kidizen allows parents to buy and sell gently worn back-to-school clothes.

Wellbeing

Ruling could be beginning of the end for…

This morning, a federal appeals court threw out an IRS regulation that implements subsidies for low-income Americans who bought insurance through Obamacare. These Affordable Care…

Tech

RocketSkates let users roll with a motor

Los Angeles company Acton has raised funds on Kickstarter to roll out a nifty alternative – motor-powered "RocketSkates."

Tech

Knicks star Carmelo Anthony becomes a tech entrepreneur

He's been an All-Star, an Olympian, and a celebrity spokesperson. Now NBA player Carmelo Anthony is adding the position "tech entrepreneur" to his resume. Along…