News / USA

House Republicans to Announce Budget Deal

Speaker of the House John Boehner, R-Ohio, with House Majority Whip Kevin McCarthy, R-Calif., right, walks to a meeting of House Republicans at the Capitol on Oct. 15, 2013, as a partial government shutdown enters its third week.
Speaker of the House John Boehner, R-Ohio, with House Majority Whip Kevin McCarthy, R-Calif., right, walks to a meeting of House Republicans at the Capitol on Oct. 15, 2013, as a partial government shutdown enters its third week.
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Hopes have risen for a congressional agreement that could reopen the U.S. government and avoid a debt default.

As the partial federal government shutdown begins its third week, House and Senate members of both parties are to meet to discuss details of a potential deal.  

Deal terms

The accord would increase the federal government's debt limit into early 2014, and would include a short-term measure to reopen the government and allow negotiations to begin on a budget for fiscal 2014, which began on October 1.

After talks Monday, Democratic Senate Majority Leader Harry Reid and Republican Senate Leader Mitch McConnell both expressed optimism.  Reid predicted Tuesday could be a "bright day," and McConnell said he shared Reid's view.

Any deal would have to be approved by the full House and Senate before being signed by President Barack Obama.

Debt ceiling deadline

If the debt ceiling is not raised by Thursday, the
The US Debt Limit""
United States may not be able to pay all its bills. It is unclear whether Congress can meet that deadline even if Democratic and Republican party leaders reach an agreement in the Senate.  Conservative hardliners such as Texas Republican Ted Cruz might force a delay in a final vote.

The House would also need to back the plan.  Speaker John Boehner and other top Republicans are under strong pressure from conservative congressmen who oppose concessions.  Many of them say they will refuse to back any deal that fails to alter the Affordable Care Act, the reform of the U.S. health care system that is now beginning to take effect.

"Constructive good-faith negotiations continue between the Republican leader and me,"  Senator Reid told reporters Monday. "I'm very optimistic that we will reach an agreement that's reasonable in nature this week to reopen the government, pay the nation's bills and begin long-term negotiations to put our country on a sound fiscal footing. I deeply appreciate my friend the minority leader for his diligent efforts to come to an agreement."

"Let me just echo the remarks of the majority leader," added his counterpart, Republican Senator Mitch McConnell. " We've had an opportunity over the last couple of days to have some very constructive exchanges of views about how to move forward. Those discussions continue, and I share his optimism that we are going to get a result that will be acceptable to both sides.''
Photo Gallery: US Shutdown Protests

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Comment Sorting
by: It's a SHAM from: USA
October 15, 2013 10:44 AM
#1 According to Gallup, we have just seen the largest drop in U.S. economic confidence since 2008. #2 Retailers all over America are reporting disappointing sales figures, and many analysts are very concerned about what the holiday season will bring. #3 Domestic vehicle sales just experienced their largest “miss” relative to expectations since January 2009. #4 One of the largest furniture manufacturers in America was recently forced into bankruptcy.#5 According to the Wall Street Journal, the 2013 holiday shopping season is already being projected to be the worst that we have seen since 2009. #6 The Baltic Dry Index recently experienced the largest 4 day drop that we have seen in 11 months. #7 Merck, one of the largest drug makers in the nation, has announced the elimination of 8,500 jobs. #8 Overall, corporations announced the elimination of 387,384 jobs through the first nine months of this year. #9 The number of announced job cuts in September 2013 was 19 percent higher than the number of announced job cuts in September 2012. #10 The labor force participation rate is the lowest that it has been in 35 years. #11 the labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low. #12 Approximately one out of every four part-time workers in America is living below the poverty line. #13 Incredibly, only 47 percent of all adults in America have a full-time job at this point. #14 U.S. consumer delinquencies are starting to rise again. #15 The Postal Service recently defaulted on a 5.6 billion dollar retiree health benefit payment. #16 The national debt has increased more than twice as fast as U.S. GDP has grown over the past two years. #17 Obamacare is causing health insurance premiums to skyrocket and this is reducing the disposable income that consumers have available. #18 Median household income in the United States has fallen for five years in a row. #19 The gap between the rich and the poor in the United States is at an all-time record high. #20 Former President Jimmy Carter says that the middle class in America has declined so dramatically that the middle class of today resembles those that were living in poverty when he was in the White House. #21 According to a Gallup poll that was recently released, 20.0% of all Americans did not have enough money to buy food that they or their families needed at some point over the past year. That is just under the record of 20.4% that was set back in November 2008. #22 Right now, one out of every five households in the United States is on food stamps. There are going to be a lot of struggling families out there this winter, so please be generous with organizations that help the poor. A lot of people are really going to need their help during the cold months ahead.

How is all that "Hope and change" doing for you now????

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