11 Updates
With debt deal done, US shutdown set to end
Photo Credit: , Getty Images

With debt deal done, US shutdown set to end

Oct 16 2013, 11:38pm CDT | by IANS

Washington, Oct 17 (IANS) In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at risk of its first ever debt default.

Washington, Oct 17 — In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at...

Filed under: news

YouTube Videos

 
 
 

1 year ago

With debt deal done, US shutdown set to end

Oct 16 2013, 11:38pm CDT | by IANS

Washington, Oct 17 (IANS) In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at risk of its first ever debt default.

Washington, Oct 17 — In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at risk of its first ever debt default.

The Republicans, who had engaged in a bitter budget battle to derail Obama's healthcare law nicknamed Obamacare conceded defeat as the Oct 17 debt ceiling deadline approached when the Treasury had warned US would run out of cash to pay its bills.

The eleventh hour deal with only minor concessions from Democrats 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 it and 285- 144 in the Republican controlled House. As many as 87 Republicans joined all 198 Democrats in supporting the measure.

Shortly after the Senate vote Wednesday night, Obama said once the House passes the deal, "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."

As the bill headed for the President's desk, the White House asked federal workers to be ready to return to work Thursday morning.

"Now that the bill has passed the United States Senate and the House of Representatives, the President plans to sign it tonight and employees should expect to return to work in the morning," director of the office of management and budget, Sylvia Mathews Burwell, said.

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, the only concession that the Republicans were able to wrest.

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

Democrat Senate Budget Committee Chairwoman Patty Murray and House Republican Budget Committee Chairman Paul Ryan plan to have a breakfast meeting Thursday to start the ball rolling on budget negotiations.

The deal also gives the Treasury Department the ability to borrow beyond the debt ceiling.

"Because of today's efforts, we will continue to honour all of our commitments - a core American value - and preserve the full faith and credit of the United States," Treasury Secretary Jack Lew said in a statement Wednesday night.

Welcoming the "important and necessary step" taken by the US Congress, IMF Managing Director Christine Lagarde said: "Looking forward, it will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner.

"We also continue to encourage the US to approve a budget for 2014 and replace the sequester with gradually phased-in measures that would not harm the recovery, and to adopt a balanced and comprehensive medium-term fiscal plan," she said.

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

IANS

Source: IANS

 
Update
11

4 days ago

Democrat Investment in South Dakota: An Expensive Publicity Gambit?

Oct 14 2014 1:55pm CDT | Source: Big Government

What's the price for a series of headlines suggesting the political landscape for control of the Senate has shifted significantly in the Democrats' favor? Key GOP operatives say the $1 million ad buy in South Dakota purchased just that – and that the race isn't really in danger for Republican Gov. Mike Rounds. Last week, the Democratic Senatorial Campaign Committee announced that they would spend $1 million in South Dakota, mostly on negati ...
Source: Big Government   Full article at: Big Government
 

 
Update
10

4 days ago

Exclusive -- Ted Cruz: 'Who Is Standing Up and Leading' GOP in 2016?

Oct 14 2014 11:51am CDT | Source: Big Government

CLEMSON, South Carolina — Sen. Ted Cruz (R-TX)—a likely 2016 presidential candidate—expects the GOP field for the 2016 presidential nomination to form by June of next year, he told Breitbart News in an exclusive interview on the way to a tailgate event with several candidates for statewide and federal office at the Clemson University football game on Saturday. Cruz—whom Breitbart News interviewed on the car ride f ...
Source: Big Government   Full article at: Big Government
 

 
Update
9

4 days ago

The October Surprise Will Be Last-Minute Billionaire Dollars

Oct 14 2014 11:23am CDT | Source: Politics - The Huffington Post

In recent weeks, political observers have speculated about the factors that will decide the 2014 elections. Some point to the improving economy with hopes that the falling unemployment rate will boost Democratic fortunes across the country. Others point to chaos in Syria and Iraq and the battle against ISIS as signs that foreign policy will strengthen the hand of hawkish Republicans. Still others note rising public concern about Ebola and worry that the Obama Administration ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

4 days ago

Hillary Clinton: Don't Saddle Students With Debt

Oct 14 2014 9:41am CDT | Source: Politics - The Huffington Post

LAS VEGAS (AP) — Former U.S. Secretary of State Hillary Rodham Clinton told a Las Vegas crowd Monday night that more needs to be done to ensure young people can achieve their dreams and free students from onerous college debt "that can feel like an anchor tied to their feet dragging them down." "I think our young people deserve a fair shot," she told about 900 people gathered in a Bellagio resort ballroom for the annual UNLV Foundation dinner benef ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
7

5 days ago

Who Should the Democrats Support in South Dakota? The Democrat

Oct 13 2014 1:19pm CDT | Source: Politics - The Huffington Post

There is some chatter amongst some D.C. Democrats that it really doesn't matter in the South Dakota Senate race which of the two candidates running against Republican Mike Rounds beats him. According to this logic, Pressler has said he voted for Obama and has taken some moderate positions on a few issues, so he would probably caucus with the Democrats. Democrats, simply put: This is crazy talk. Loo ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
5

1 week ago

Joni Ernst And Bruce Braley Spar Over Role Of Dark Money In Heated Iowa Senate Debate

Oct 11 2014 9:32pm CDT | Source: Politics - The Huffington Post

WASHINGTON -- Rep. Bruce Braley (D-Iowa) and state Sen. Joni Ernst (R) clashed over many issues in Saturday's Iowa Senate debate, but the role of dark money in what is considered one of the closest Senate races in the nation prompted the most lively exchange from both candidates. Braley, a four-term congressman who has suffered several missteps in the race, repeatedly accused Ernst of being in the pocket of Charles and David Koch, the billionaire industrialists whose pol ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
4

1 week ago

The 'OR-man': Kansas Republicans Work To Define Independent Challenger

Oct 10 2014 3:21pm CDT | Source: Big Government

WICHITA, Kansas— Kansas Independent candidate Greg Orman remains notoriously lose on important issues and Kansas Republicans are wasting no time to define their opponent. Wichita local radio host Joseph Ashby kicked off a political rally here with a play on Orman’s last name. “He actually has a very fitting name, because he says that he could be against Obamacare OR he could be for Obamacare,” he said. “He could caucus with the Democrats, OR he could caucus with the Republicans.” “He’s the ...
Source: Big Government   Full article at: Big Government
 

 
Update
3

1 week ago

'Prairie Fire' Ted Cruz Kicks Off Sen. Pat Roberts' Kansas Bus Tour

Oct 9 2014 4:36pm CDT | Source: Big Government

WICHITA, Kansas--“Ted Cruz came roaring into the Senate in 2012, a lot like a prairie fire,” Sen. Pat Roberts said, introducing Cruz to an audience here. "Prairie fire" is not how one might describe Roberts' long tenure in the Senate. But as he works to stave off an unexpected challenge from independent candidate Greg Orman, a wealthy businessman who has declined to say which party he would join in the Senate, the monumental importance of the race ...
Source: Big Government   Full article at: Big Government
 

 
Update
2

1 week ago

Rick Weiland Has A Minivan, $300,000, And A Guitar. Can He Get To The Senate?

Oct 9 2014 4:32pm CDT | Source: Politics - The Huffington Post

WASHINGTON -- Can you win a seat in the United States Senate by driving around in a minivan, strumming a guitar and singing about the evils of money in politics? The question will soon be answered in South Dakota, where Rick Weiland, a former Clinton official and top staffer to former Senate Majority Leader Tom Daschle, is running for the open seat. If you haven’t heard much about Weiland before this week, you’re not alone. He was cast lon ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

1 week ago

Senate Election Overview

Oct 8 2014 6:54pm CDT | Source: Politics - The Huffington Post

Welcome back once again to our ongoing pigeonholing exercise for this year's midterm Senate races. The big question, of course, is whether Republicans will pick up the six seats they need to wrest control of the chamber from the dastardly (according to them) Harry Reid and his Democratic minions. The answer to this pressing question is still not clear, and it actually may not be definitively ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Brain myths hampering teaching worldwide
London, Oct 19 (IANS) Myths about the brain are common among teachers worldwide and are hampering teaching, noted a study that called for better communication between neuroscientists and educators.
 
 
16 militants killed in Afghanistan
Kabul, Oct 19 (IANS) At least 16 militants were killed in two separate incidents in Afghanistan, officials said Sunday.
 
 
Saudi Arabia may ban children from performing Haj
Jeddah, Oct 19 (IANS) Saudi Arabia is considering a ban on children below 10 years of age from performing the Haj next year, media reported Sunday.
 
 
Hong Kong protestors condemned for charging police cordon
Hong Kong, Oct 19 (IANS) Hong Kong Police Sunday condemned protestors for attempting to charge police cordon lines, saying such acts undermine public order and threaten safety of its personnel and others.
 
 
 

Latest from the Network

Bush shoe-tossing painting hits record at Doha auction
Doha, Oct 15 (IANS/EFE) A controversial painting by Iranian artist Mahmud Obaidi, depicting an Iraqi journalist throwing shoe in 2008 at then US president George W. Bush, was sold for $62,500 at a Sotheby's auction in...
Read more on Celebrity Balla
 
US offers $45 mn bounty for eight terror leaders
Washington, Oct 15 (IANS) The US said Tuesday it is offering rewards totalling up to 45 million dollars for information on eight key leaders of the Al Qaeda in the Arabian Peninsula (AQAP) terrorist organisation. The...
Read more on Politics Balla
 
UNSC extends peacekeeping mission's term in Abyei
United Nations, Oct 15 (IANS) The UN Security Council (UNSC) has renewed the mandate of the UN peacekeeping mission in the Abyei border region between Sudan and South Sudan. In an unanimously adopted resolution, the...
Read more on Politics Balla
 
Ebola cases in West Africa could reach 10,000 per week: WHO
Geneva, Oct 15 (IANS) The World Health Organisation (WHO) has warned that the Ebola epidemic in West Africa could reach 5,000 to 10,000 cases per week by the first week of December. "Quite frankly, ladies and...
Read more on Business Balla
 
Turkey, Singapore sign strategic partnership agreement
Ankara, Oct 15 (IANS) Turkey and Singapore have signed a strategic partnership agreement to boost economic, political and cultural cooperation, as well as security collaboration, during the official visit of...
Read more on Politics Balla
 
Christina Aguilera is returning to 'The Voice' USA
Christina Aguilera will return to 'The Voice' USA next year. The 'Your Body' hitmaker, who previously shared a rotating spot on the judging panel with Shakira, has been replaced by Gwen Stefani this season as she is...
Read more on Celebrity Balla
 
Kesha's music producer hits back
Kesha is being countersued by her record company boss, Dr. Luke. The 41-year-old music producer, who runs Kemosabe Records, claims the 27-year-old 'Tik Tok' singer is a liar and is trying to extort him after she accused...
Read more on Celebrity Balla
 
Jason Derulo won't get back together with Jordin Sparks
Jason Derulo insists his split from Jordin Sparks is permanent. The 'Talk Dirty' hitmaker, who recently ended his relationship with the 'No Air' singer after three years of dating, has ruled out getting back together...
Read more on Celebrity Balla
 
Josh Groban feels 'very lucky' to be dating Kat Dennings
Josh Groban feels ''very lucky'' to be dating Kat Dennings. The 'Brave' hitmaker was very nervous before singing in front of the '2 Broke Girls' actress for the first time at the Carousel of Hope Ball in Beverly Hills,...
Read more on Celebrity Balla
 
Australian Richard Flanagan wins 2014 Man Booker prize
London, Oct 15 (IANS) The first Man Booker prize to allow American nominees was Tuesday night won by an Australian, with Richard Flanagan triumphing for a novel of love and war that tells the harrowing stories of...
Read more on Celebrity Balla