Next Steps as Congress Works Through Budget Issues

WASHINGTON (AP) -- Here are some things to watch for as Congress confronts a potential federal shutdown Tuesday and a need by Oct. 17 to extend the government's ability to borrow money:

  • The Senate: Most senators left town after the Democratic-controlled Senate approved a bill Friday preventing a government shutdown on Tuesday. It would provide money through Nov. 15. The Senate's next session was scheduled for 2 p.m. EDT Monday -- 10 hours before a shutdown would begin.
  • The House: The Republican-led House approved an initial bill preventing a shutdown on Sept. 20, with money running through Dec. 15. It scheduled a Saturday session and advised lawmakers they will likely meet Sunday, too.
  • The next move: The ball is in the House's court -- meaning Speaker John Boehner, R-Ohio, and other House leaders have big decisions ahead. They will start at noon Saturday, when House Republicans meet privately and see if they can unite behind a plan.
  • The Senate's shutdown bill: It's possible but unlikely that the House would just accept the Senate bill. Since the Senate dropped House-passed language blocking money for President Barack Obama's health care law, the Senate measure lacks provisions that might attract conservative votes. Besides, every Senate Republican present Friday voted against it.
  • Boehner's other options: A more likely scenario might be amending the Senate-passed shutdown bill with something conservatives want that the Senate might grudgingly accept. Or with a provision that, should the Senate reject it, Republicans think might leave voters blaming Senate Democrats for any shutdown. House Republicans have spoken about abolishing a medical device tax that helps finance Obamacare programs, but Senate Majority Leader Harry Reid, D-Nev., has rejected that. The House could send the Senate a bill avoiding a shutdown for a week or so to provide more time to find a solution. But it remains unclear where Boehner would find votes for that.
  • The debt limit: House GOP leaders were writing a bill extending the government's ability to borrow money past the 2014 congressional elections. They've crammed it with provisions designed to attract Republican votes, including a one-year delay on Obamacare and an accelerated schedule for votes on tax reform legislation. Even so, Boehner lacks the needed votes and his path on this bill remains a mystery.
  • Talks among bipartisan congressional leaders: No talks are known to be scheduled.

link


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On September 28, 2013, at 1:32 PM, cnwtrainman wrote:

    Maybe Senate Democrats should accept a provision killing a $30 billion tax on medical devises that means the House is proposing adding $30 billion to the deficit. Then we could discuss taxing carried interest cutting tax benefits for hedge fund managers allowing them to claim wages as capital gains, cutting farm subsidies to corporate farmers or take the billion out of subsidies to big oil. Probably all of these would be palatable to Democrats and rank and file Tea Partiers.

    I'm surprised they can't throw in the XL pipeline and chained CPI and do a grand bargain addressing the budget and the debt limit. Push the limit past the mid terms and lets debate issues like jobs and access to foreign markets.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2659028, ~/Articles/ArticleHandler.aspx, 9/14/2014 10:02:20 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement