News / USA

Possible End to US Fiscal Impasse Takes Shape in Senate

Senate Majority Leader Sen. Harry Reid, D-Nev., is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell, R-Ken., on Capitol Hill on Oct. 14, 2013.
Senate Majority Leader Sen. Harry Reid, D-Nev., is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell, R-Ken., on Capitol Hill on Oct. 14, 2013.
Michael Bowman
A bipartisan accord to reopen the U.S. government and avoid a debt default is taking shape in the Senate, as a federal shutdown enters a third week and potential U.S. insolvency looms just days away. The deal is not finalized, and may face significant opposition in the Republican-led House of Representatives.

A way out of America’s fiscal impasse could soon be at hand, according to Senate Majority Leader Harry Reid.

Senate Majority Leader Sen. Harry Reid is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell on Capitol Hill, Oct. 14, 2013.Senate Majority Leader Sen. Harry Reid is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell on Capitol Hill, Oct. 14, 2013.
x
Senate Majority Leader Sen. Harry Reid is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell on Capitol Hill, Oct. 14, 2013.
Senate Majority Leader Sen. Harry Reid is surrounded by reporters after leaving the office of Senate Minority Leader Sen. Mitch McConnell on Capitol Hill, Oct. 14, 2013.
“We have made tremendous progress. We are not there yet. But tremendous progress, and everyone just needs to be patient," said Reid.

The chamber’s Republican Leader, Senator Mitch McConnell, agreed, saying two days of negotiations have yielded results.

“We had a good day yesterday. We had another good day today. I think it is safe to say we have made substantial progress," said McConnell.

News reports say the accord as currently envisioned would fund the federal government into mid-January and extend the U.S. borrowing limit into February, and sets the stage for bicameral budget negotiations from now through mid-December. It is hoped those negotiations would produce a subsequent accord on multiple fiscal matters. Minor changes to President Barack Obama’s signature health care law have neither been agreed to nor ruled out.

Democrats are sounding increasingly confident that a devastating debt default will be averted. Senator Joe Manchin:

“We will not default. I am positive of that. I mean, nothing is a sure thing, but I am as sure as I can be on that one," said Manchin.

Senate Republicans, meanwhile, seem to have abandoned hope of using the nation’s current fiscal deadlines as leverage to block the Affordable Care Act, also known as Obamacare, or to force even greater austerity on the federal budget. Senator Rand Paul said the fiscal impasse must end.

“I think we need to get an agreement and open the government back up," said Paul.

A Senate deal could be finalized later Tuesday. Just how quickly the chamber will be able to vote on the measure depends on whether members refrain from procedural motions and delaying tactics. A leading foe of Obamacare, Republican Senator Ted Cruz, was asked if he plans to object to swift consideration of any deal that emerges.

“We will have to wait to see what the details are," said Cruz.

Even if an accord passes the Senate, it faces an uncertain fate in the House of Representatives. A spokesman for Republican House Speaker John Boehner said any deal approved by the Senate will be reviewed - and possibly altered - in the House. Treasury officials say the United States risks a debt default unless both houses of Congress pass an identical bill raising the borrowing cap by Thursday.

You May Like

Republican Majority in Congress Off to Rough Start

Standoff over Homeland Security funding exposes philosophical, tactical problems within party More

Pakistan Blocks Baloch Activist from US Trip

Human Rights Commission of Pakistan slams Islamabad officials for stopping people from leaving country to attend human rights conference More

Video Muslims Long Thrived in North Carolina Before Students Killed

Idyll shattered February 10, when three Muslim university students living in Chapel Hill were gunned down by a neighbor More

This forum has been closed.
Comment Sorting
Comments
     
by: Fed from dc from: Dc
October 15, 2013 5:30 PM
As Americans I ask we demand congress repeal their 27 th amendment which guarantees they get paid. We Feds are sitting he scared since we won't have $ to buy gas. Please vote out every sitting bet of congress

by: Terry from: Summerland BC
October 14, 2013 9:08 PM
thank god Cruz left canada

by: Rudy Haugeneder from: Canada
October 14, 2013 9:01 PM
Nothing settled. Nothing done. America is in deep financial trouble and a couple of unexpected international political upsets or a national disaster -- like a "big one" quake on the West Coast or along the Mississippi or, still a threat this year, a major, major hurricane hitting the heart of Miami -- could cripple the economy and destroy insurance companies.
But those catastrophes aside, Congress is urinating away domestic and international confidence in the American social, political and financial systems and speed the USA's eventual collapse. Of course readers will think these concerns silly, but any one or combination could not only make you look stupid but make you financially broken.

by: The Matrix from: USA
October 14, 2013 6:34 PM
Ladies and Gentlemen, this is a message from the architects of the Matrix: EVERYTHING IS OK.

by: Rudy Haugeneder from: Victoria, BC, Canada
October 14, 2013 3:15 PM
Here's what additional American debt will do.
Soon the Mexican Peso will become the world's reserve currency and Americans will be breaking down the fence keeping them out of Mexico and fighting Mexican border guards in order to get jobs in the ever-expanding Mexican economy.
At the same time, the United States government will declare America is a bilingual nation: English and Spanish.

by: Markt
October 14, 2013 2:16 PM
in 2008, Obama's word was "Change" in 2013, Obama's legacy will be "Shutdown" Quite a difference from those heady days five years ago. Let us hope this crisis is resolved, and resolved quickly, there are hundreds of thousands of families out there really struggling without a paycheck in sight, and millions more who are struggling without the government assistance they have grown to depend on.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Muslims Long Thrived in N Carolina Before Slaying of 3 Studentsi
X
Jerome Socolovsky
March 05, 2015 9:04 PM
The killings of three Muslim students in North Carolina early last month came as Muslims across the United States have felt under siege, partly as a result of terrorist attacks being committed internationally in the name of their faith. But Muslims have long thrived in university cities in this part of the American South. VOA's Jerome Socolovsky reports.
Video

Video Muslims Long Thrived in N Carolina Before Slaying of 3 Students

The killings of three Muslim students in North Carolina early last month came as Muslims across the United States have felt under siege, partly as a result of terrorist attacks being committed internationally in the name of their faith. But Muslims have long thrived in university cities in this part of the American South. VOA's Jerome Socolovsky reports.
Video

Video Fuel Shortages in Nigeria Threaten Election Campaigns

Nigeria is suffering a gas shortage as the falling oil price has affected the country’s ability to import and distribute refined fuels. Coming just weeks before scheduled March 28 elections, the shortage could have a big impact on the campaign, as Henry Ridgwell reports for VOA.
Video

Video Report: Human Rights in Annexed Crimea Deteriorating

A new report by Freedom House and the Atlantic Council of the United States says the human rights situation in Crimea has deteriorated since the peninsula was annexed by Russia in March of last year. The report says the new authorities in Crimea are discriminating against minorities, suppressing freedom of expression, and forcing residents to assume Russian citizenship or leave. Zlatica Hoke has more.
Video

Video 50 Years Later African-Americans See New Voting Rights Battles Ahead

Thousands of people will gather to mark the 50th anniversary of a historic civil rights march on March 7th in Selma, Alabama. In 1965, dozens of people were seriously injured during the event known as “Bloody Sunday,” after police attacked African-American demonstrators demanding voting rights. VOA’s Chris Simkins introduces us to some civil rights pioneers who are still fighting for voting rights in Alabama more than 50 years later.
Video

Video Craft Brewers Taking Hold in US Beer Market

Since the 1950’s, the U.S. beer industry has been dominated by a handful of huge breweries. But in recent years, the rapid rise of small craft breweries has changed the American market and, arguably, the way people drink beer. VOA’s Jeff Custer reports.
Video

Video Video Claims to Show Shia Forces in Iraq Executing Sunni Boy

A graphic mobile phone video is spreading on the Internet, claiming to show Iraqi forces or Shia militia executing a handcuffed Sunni boy. Experts have yet to verify the video, but already Islamic State followers are publicizing it across social media, playing on deep-rooted sectarian fears. VOA’s Jeff Seldin reports.
Video

Video Ukrainian Authorities Struggle to Secure a Divided Mariupol

Since last month's cease-fire went into effect, shelling around the port city of Mariupol has decreased, but it is thought pro-Russian separatists remain poised to attack. For the city’s authorities, a major challenge is gaining the trust of residents, while at the same time rooting out informants who are passing sensitive information to the rebels. Patrick Wells reports for VOA.
Video

Video Volunteer Gauge-Watchers Help Fine-Tune Weather Science

An observation system called CoCoRaHS is working to improve weather science, thanks to thousands of volunteers across the country who measure precipitation in their own backyards, then share their data through the Internet. VOA's Shelley Schlender reports.
Video

Video NASA Spacecraft Approaches a Dwarf Planet

NASA’s Dawn spacecraft will make history on Friday, March 6, when it becomes the first man-made object to orbit a dwarf planet named Ceres. It is located in the asteroid belt between Mars and Jupiter, almost 500 million kilometers from Earth. Among other objectives, Dawn will try to examine two mysterious bright white spots detected on the planet’s surface. VOA’s George Putic has more.
Video

Video Young Muslims Radicalized Online

Young Muslims are being radicalized ‘in their bedrooms’ through direct contact with Islamic State or ISIL fighters via the Internet, according to terror experts. There are growing concerns that authorities and Internet providers are not doing enough to counter online extremism - which analysts say is spread by a prolific network of online supporters around the world. Henry Ridgwell reports from London.
Video

Video Positive Messaging Transforms Ethiopia's Image

Ethiopia was once known for famine and droughts. Now, headlines more often point to its fast-growing economy and its emergence as a regional peacemaker. How has Addis Ababa changed the narrative? VOA's Marthe van der Wolf reports.
Video

Video Answers Elude Families of MH370 Passengers

For the families on board Malaysia Airlines flight MH370, an airline official’s statement nearly one year ago that the plane had lost contact with air traffic control at 2:40 AM is the only thing that remains confirmed. William Ide reports.

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More