360° Coverage : With debt deal done, US shutdown set to end

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With debt deal done, US shutdown set to end
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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...

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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
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6 weeks ago

Thom Tillis Defeats Kay Hagan

Nov 5 2014 12:17am CST | Source: Big Government

CHARLOTTE, N.C. — The optimism exuded by Republican state House Speaker Thom Tillis’ campaign and supporters Tuesday in the early evening, panned out later tonight when the challenger defeated the incumbent Sen. Kay Hagan (D-NC) in one of the tightest, most expensive races of the cycle. The early vote totals showed Hagan leading but as the night wore on Tillis gained ground and as it became apparent ...
Source: Big Government   Full article at: Big Government
 

 
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9

6 weeks ago

Erin Bilbray Midterm Election Results

Nov 4 2014 10:48pm CST | Source: Politics - The Huffington Post

Democratic businesswoman and nonprofit founder Erin Bilbray lost to Rep. Joe Heck (R-Nev.) in the state's 3rd District Tuesday. Though Bilbray was originally considered one of Democrats' best chances at unseating a Republican incumbent, Senate Majority Leader Harry Reid (D-Nev.) said she had not run a good campaign. Heck was first elected to Congress in 2010. He previously served in the Nevada state legislature. Below, more updates on election ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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6 weeks ago

Ted Cruz: 'Era of Obama Lawlessness is Over'

Nov 4 2014 9:47pm CST | Source: Big Government

At Greg Abbott's election night party in Texas, Sen. Ted Cruz hailed Abbott’s victory against Democratic candidate Wendy Davis.  Cruz praised Abbott for being “smart, principled, and fearless,” recalling that the Texas Attorney General was one of his mentors.  “Greg Abbott has the heart of a lion and he is our governor!” Cruz said. Cruz also celebrated the looming Republican takeover of the United States Senate.  “We are fixin’ to to retake the Senate and retire Harry Reid as Majority Lead ...
Source: Big Government   Full article at: Big Government
 

 
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6 weeks ago

Sen. Burr: 'Cautiously Optimistic' Thom Tillis Will Beat Kay Hagan

Nov 4 2014 7:34pm CST | Source: Big Government

CHARLOTTE, NC — Senior senator from North Carolina Richard Burr said Tuesday that he was “cautiously optimistic” that Sen. Kay Hagan's (D-NC) Republican challenger state House Speaker Thom Tillis would win.  “I think when you look at where the national issue set is for the American people, it’s national security, its economic security, it’s immigration, it’s missed opportunities with energy expansion, tho ...
Source: Big Government   Full article at: Big Government
 

 
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6 weeks ago

Can GOP really stop the Obama agenda?

Nov 4 2014 6:29pm CST | Source: WND

If the Republicans win back the Senate, will it really make much of a difference in the direction the country is taking? Yes, with control of both Houses of Congress, bills can get passed much easier and then sent on to Obama for him to inevitably veto. But will things really change, or will they worsen? The best-case scenario is that with a Senate win, we can stop the bleeding that is leaving our country on life support. Perhaps, if the Republican Party can unite ...
Source: WND  Full article at: WND
 

 
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5

6 weeks ago

Why I argue with Ann Coulter

Nov 4 2014 6:18pm CST | Source: WND

I watch election results to gauge whether America has become freer or more tyrannical. It’s hard to know whether Tuesday’s results will make much difference. Often, individual liberty erodes in ways neither major political party much cares about. Last weekend, I suffered through the New York Marathon. I suffered not because I ran 26.2 miles but because I live near Central Park, and at Marathon time, officials turn my neighborhood into a little police state. Four thousand police of ...
Source: WND  Full article at: WND
 

 
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6 weeks ago

T Minus 1: GOP Has Clear Path to Senate Majority

Nov 4 2014 12:49pm CST | Source: Big Government

On Tuesday, voters across the country will go to the polls for this last national election of the "Obama Era." What began with a bang six years ago and talk of a permanent Democrat majority will end with a whimper. The GOP is certain to solidify its enormous recent gains at the state level and extend its majority in the House. It is also increasingly likely that Republicans finally will take control of the Senate and end Harry Reid's tenure as Majority Lead ...
Source: Big Government   Full article at: Big Government
 

 
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6 weeks ago

The World After Citizens United: Here Is Your First $100 Million Senate Race

Nov 4 2014 11:33am CST | Source: Politics - The Huffington Post

WASHINGTON -- Former Secretary of State Hillary Clinton joined Sen. Kay Hagan (D-N.C.) on the election trail Oct. 25 to rally Democrats ahead of Tuesday's crucial midterm elections. The two Democrats had more in common than just a stage: Hagan's re-election race, like Clinton's 2000 bid, was in the process of becoming one of the most expensive Senate races in modern U.S. history. In 2000, while her husband former President Bill Clinton still ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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2

6 weeks ago

Liberals Wrongly Repeat the Race Hustler Attack

Nov 4 2014 9:39am CST | Source: Politics - The Huffington Post

The New York Times last week ran its first front-page story of the season on political "race-baiting" -- except it raised questions about Democratic rather than Republican campaigns. There are really three stories here. The first involves the decision by Democrats to campaign on racial issues. One example comes from a flyer circulating in Georgia that reads, over a photo of black children holding "don' ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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1

6 weeks ago

5 Reminders For The Republican Party on Election Day

Nov 4 2014 8:55am CST | Source: Big Government

With Republicans expected by virtually every prognosticator to take back the Senate in today’s midterm election, the GOP has reached a turning point. Win or lose, the Republican Party will have to do some serious thinking about next steps. Should the GOP fail to turn the Senate red, the party leadership will be seen by the conservative base as an utter failure – to somehow blow an electoral opportunity with a highly-unpopular second term Democratic presid ...
Source: Big Government   Full article at: Big Government
 

 
 

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