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U.S. Senate negotiations on legislation to raise the country's debt limit and reopen government agencies are nearing completion and a deal could be announced soon, a senior Senate Democratic aide said on Wednesday.
The aide, who asked not to be identified, added that there were ``indications'' that once a deal is announced, the Senate might be able to move quickly to pass it. That could mean that Tea Party activists, such as Republican Senator Ted Cruz, do not intend to throw up procedural roadblocks.
The House will vote first on an emerging Senate proposal to open government and lift the debt ceiling, a move that would expedite bipartisan legislation developed by Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell.
The move means that there is now a clear path to end the first government shutdown in 17 years, and the country now appears closer to avoiding the first potential economy-shaking default on U.S. debt. Read more:
Crakeur
reply to post by OtherSideOfTheCoin
the senate will come up with a deal but the question that needs to be answered is will Congress pass it? Boehner seems to have lost all control over the republicans in congress and there are still a few outspoken, hard line, republicans saying that they won't agree to anything without serious spending cuts.
odds are we could breach the deadline, even with a deal in place, simply due to the timing of the vote and the length of time it takes to put whatever is in this new deal, in place.
Source
But another Republican, Rep. Steve King of Iowa, says GOP lawmakers intend to stand tough to save the country from what they consider to be out-of-control spending. And that midnight deadline to raise the nation's self-imposed borrowing limit? Not that big of a deal, he told CNN's "New Day."
"I don't actually believe it's a hard break tomorrow," King said. "It's a date they picked on the calendar."
OtherSideOfTheCoin
houselive.gov...
can watch the house debate live here
kinda pathetic i think that right now some republican is talking about Obamacare again saying that one of his constituents will lose money and could go bust causing the lost of 85 jobs.
Kinda pathetic, its a utilitarian decision, 700,000 are not working right now because they cant make up their minds.
Wrabbit2000
reply to post by Crakeur
I was reading an article this morning saying that actually happened under Carter and while the damage was limited for the circumstances, damage did happen with many many 0's on the end?
The story detailed that under Carter, the Congress played this same game and ran it right to the breaking point for deadlines then, too. It explained that passing a deal in time wasn't enough, as they hadn't left enough time to carry through all the associated paperwork.
The law and economics are odd that way, eh? They don't care about intent or 'close enough'. They only care about done or not done. I'll scream loud enough to scare my dogs if we blow through the default deadline ....despite actually having a deal made...because they waited to long to inact the deal quickly enough to matter.
Senduko
I'l put my money on Goldman, he said they will probably miss the 17th deadline, but will be reached before the 31, that's the real important date, the 17th is more symbolic i guess.
They are already in recess. Pathetic. This is not a solution
Senduko
I'l put my money on Goldman, he said they will probably miss the 17th deadline, but will be reached before the 31, that's the real important date, the 17th is more symbolic i guess.