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US Congress passes debt deal to end crisis
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US Congress passes debt deal to end crisis

Oct 16 2013, 10:48pm CDT | by IANS

Washington, Oct 17 (IANS) Less than two hours before a midnight deadline, the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that risked first ever debt default in American history.

Washington, Oct 17 — Less than two hours before a midnight deadline, the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that risked first ever debt...

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49 weeks ago

US Congress passes debt deal to end crisis

Oct 16 2013, 10:48pm CDT | by IANS

Washington, Oct 17 (IANS) Less than two hours before a midnight deadline, the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that risked first ever debt default in American history.

Washington, Oct 17 — Less than two hours before a midnight deadline, the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that risked first ever debt default in American history.

The eleventh hour deal hammered out earlier by Democratic Senate Majority Leader Harry Reid his Republican counterpart Mitch McConnell received broad bipartisan support in both chambers.

The vote was 81-18 in the Democratic led Senate with only 18 of the 45 Republicans opposing and 285- 144 in the Republican controlled House that had engaged in a bitter budget fight to derail President Barack Obama's signature healthcare law nicknamed Obamacare.

In what was seen as a major victory for Obama, Republicans faced with the Oct 17 debt ceiling deadline conceded defeat as they were forced to accept a deal with only minor concessions from Democrats.

Shortly after the Senate vote Wednesday night, Obama said that if the House, as expected, follows the Senate in passing a deal to end the budget standoff, "I will sign it immediately. We'll begin reopening our government immediately."

"There's a lot of work ahead of us, including our need to earn back the trust of the American people that's been lost over the last few weeks," he said. "And we can begin to do that by addressing the real issues that they care about."

The bill now goes to the president's desk for signature to end the crisis that posed worldwide economic repurcussions.

The deal funds the government through Jan 15, raises the debt limit until Feb 7 and includes a provision in the deal that strengthens verification measures for people getting subsidies under Obamacare.

It also sets a mid December deadline for completing budget negotiations between the House and the Senate for a long-term spending plan.

Earlier Republican Speaker John Boehner signalled the end of the stand off with a formal announcement that Republicans will not oppose the bill en masse.

"The House has fought with everything it has to convince the president of the United States to engage in bipartisan negotiations aimed at addressing our country's debt and providing fairness for the American people under ObamaCare," Boehner said in a statement.

"That fight will continue. But blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us."

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 
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11

16 hours ago

Ted Cruz: Morning in America Awaits if Republicans Don't Abandon Conservative Values

Sep 27 2014 1:52pm CDT | Source: Big Government

At the Values Voter Summit on Friday, Sen. Ted Cruz (R-TX), a potential 2016 presidential candidate, emphatically told conservatives that they will only reverse the damage that radical Democrats have done to the country if they do not run away from their values in a country that is still right of center.  Cruz believes morning in America will await if Republicans unashamedly embrace their values. He has sai ...
Source: Big Government   Full article at: Big Government
 

 
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Source: Big Government   Full article at: Big Government
 

 
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1 day ago

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Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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1 day ago

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Source: WND  Full article at: WND
 

 
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7

1 day ago

Daily Beast: Ted Cruz 'Electrifies' Values Voter Summit

Sep 26 2014 3:46pm CDT | Source: Big Government

From The Daily Beast: Texas is well known for its barbeque but, once again on Friday, Ted Cruz showed that he’s better at serving up red meat than any other resident of the Lone Star State. In a speech to assembled crowd of social conservatives at the Values Voter Summit, the first-term Texas senator repeatedly brought attendees to their feet as he hit every note perfectly for the crowd. Cruz started the speech by ...
Source: Big Government   Full article at: Big Government
 

 
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5

1 day ago

Ted Cruz: In 39 Days We Are Going to Retire Harry Reid

Sep 26 2014 10:51am CDT | Source: Big Government

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Source: Big Government   Full article at: Big Government
 

 
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4

2 days ago

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Sep 25 2014 6:25pm CDT | Source: WND

Are you sick and tired of being labeled an extremist because you served in the military? Or because you joined a tea party organization? Or because you’re a gun owner? Or because you go to church and believe the Bible? In the eyes of today’s Democratic Party, that’s pretty much how they view all of the above. In addition, you’re more of a threat to American national security if you believe the Constitution strictly limits th ...
Source: WND  Full article at: WND
 

 
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2 days ago

Sarah Palin Reminds Kansans Pat Roberts, Unlike Opponent, Opposes Amnesty for Illegals

Sep 25 2014 2:25pm CDT | Source: Big Government

On Thursday, former Alaska Governor Sarah Palin reminded voters in Kansas that Republican Sen. Pat Roberts has stood against amnesty for illegal immigrants throughout his career and fought with Sens. Ted Cruz (R-TX) and Mike Lee (R-UT) to defund Obamacare.  Roberts, who may have survived his GOP primary against Milton Wolf because there was absolutely no daylight between him and his opponent on amnesty for illegal immigrants, is in a dog fight w ...
Source: Big Government   Full article at: Big Government
 

 
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2

2 days ago

John Boehner Wants To Punt War Vote Until Next Year

Sep 25 2014 9:47am CDT | Source: Politics - The Huffington Post

In theory, when the U.S. deploys forces in military conflicts abroad, Congress is expected to debate and subsequently vote on the matter. Not so with the Obama administration's escalated military campaign against the Islamic State. House Speaker John Boehner (R-Ohio) said in an interview published Thursday that while Congress should eventually weigh in, it would be inappropriate to do so during the lame- ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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1

3 days ago

Dick And Liz Cheney Discuss ISIS On 'Hannity'

Sep 24 2014 10:30pm CDT | Source: Politics - The Huffington Post

Former Vice President Dick Cheney and his daughter Liz Cheney appeared on Sean Hannity’s show on Fox on Wednesday to discuss the Islamic State, focusing their statements on criticizing President Barack Obama's handling of the jihadists whose brutal conquests in Iraq and Syria have prompted the U.S. and allies to launch airstrikes against. Asked by Hannity how could Obama have been so wrong on so many issues when it comes to ISIS, the former vice pres ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

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