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October 12. 2013 12:27PM

Obama fails to reach deal with Congress to defuse looming debt limit crisis

WASHINGTON (Reuters) - Republicans in the Senate are expected to block on Saturday a bill by President Barack Obama's Democrats to increase the U.S. debt limit through 2014, a senior congressional aide said.

The aide said Democrats were prepared to try to build up support and bring up the bill again in coming days. The bill was expected to be blocked on Saturday by a Republican procedural hurdle that takes 60 votes to clear in the 100-member chamber. Democrats control the Senate, 54-46.


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WASHINGTON (CNN) - Talks between House Speaker John Boehner and President Barack Obama over the government shutdown and looming debt limit deadline have hit a brick wall.

Boehner relayed the news to his Republican caucus during a Saturday morning meeting after a night of work where little progress was made. Republican Rep. Paul Labrador of Idaho emerged from the meeting, telling CNN that "the President rejected our deal."

The standstill has decreased the possibility that the House would vote to reopen the government this weekend and while leadership would remain in Washington to work on a proposal, rank-and-file members might return to their districts until Monday afternoon.

The proposal from House Republicans is to increase the federal borrowing limit for about six weeks to avoid a potentially harmful default as soon as October 17, when the Obama administration says the government will run out of money to pay its bills.

But the lack of a mechanism to immediately reopen the government -- which has been partially shut down since October 1, prompting the furlough of hundreds of thousands of workers, the closing of national parks and an increase in public anger -- could turn off some Democrats. Even some Republicans in the Senate want to see a deal that addresses the government shutdown.

Republican, Rep. Adam Kinzinger of Illinois said the President is waiting for a better offer.


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