Senators say they’re closing in on a deal on government shutdown
Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of constant talks with optimistic proclamations, as details leaked out of the pact they were negotiating.
McConnell, who has been a fierce critic of Reid all year, had a smile on his face.
The plan under discussion would promptly end a partial government shutdown about to enter its third week.
It also would raise the debt ceiling by enough to cover the nation’s borrowing needs at least through mid-February 2014, according to a source familiar with the negotiations.
Democrats look to have fended off any major changes to President Barack Obama’s signature health law, something that could fuel resistance — particularly by conservative House Republicans who had insisted on delaying Obamacare as a condition of continued government funding.
In an early sign of Republican opposition, Rep. Joe Barton of Texas told reporters: “No deal is better than a bad deal,” as he downplayed the impact of a credit default if the U.S. limit on borrowing is not quickly raised.
A Washington Post/ABC News poll released Monday found that 74 percent of Americans disapprove of the way congressional Republicans have handled the standoff, compared with a 53 percent disapproval rating for Obama.
Though Treasury likely will have enough cash on hand to meet its obligations for a week or so, it might be forced to pay a higher interest rate on debt it is due to issue on Thursday. Because of the uncertainty over U.S. finances, banks and money market funds are already shunning some government securities.
Blackwater verdict stuns NH dad
Making it up: Shameless state Senate attacks
A good first impression
Thieves target cars in Hollis neighborhood