WASHINGTON, Oct 12 (Reuters) – Hopes for a resolution of
Washington’s fiscal crisis in the next day or two faded on
Capitol Hill on Saturday, as President Barack Obama’s efforts to
reach a deal with Republicans in the House of Representatives
The focus has now shifted to Senate Republicans’ ideas for
reopening the government and raising the government’s borrowing
authority, which runs out on Oct. 17.
WASHINGTON (Reuters) – President Barack Obama and congressional Republican leaders inched toward resolving their fiscal impasse on Friday, but struggled to agree on the length and terms of a short-term deal to increase the U.S. debt limit and reopen the government.
Obama met Senate Republicans at the White House and spoke by phone to House of Representatives Speaker John Boehner as negotiations intensified on how to get hundreds of thousands of federal workers back on the job and extend the government’s borrowing authority past the October 17 limit.
WASHINGTON (Reuters) – President Barack Obama and congressional Republican leaders worked to end their fiscal impasse on Friday, but struggled to strike a deal on the details for a short-term reopening of the federal government and an increase in the U.S. debt limit.
One day after the first signs of real movement in the standoff, both sides searched for an agreement that would get federal workers back on the job and extend the government’s borrowing authority past the October 17 limit.
WASHINGTON, Oct 11 (Reuters) – President Barack Obama and
congressional Republican leaders moved to end their fiscal
impasse on Friday, but struggled to strike a deal on the details
for a short-term reopening of the federal government and an
increase in the U.S. borrowing limit.
After the first signs on Thursday of movement in the
standoff, both sides worked furiously to find enough agreement
to get federal workers back on the job and extend the
government’s borrowing authority past the Oct. 17 limit.
WASHINGTON, Oct 11 (Reuters) – President Barack Obama will
press his case for a quick reopening of the entire federal
government coupled with an emergency increase of U.S. borrowing
authority when he meets with Senate Republicans on Friday.
With a partial government shutdown in its eleventh day and
less than a week to go before the Treasury Department runs out
of money to pay the government’s bills, the Democratic president
has been urging congressional Republicans to end a fiscal
impasse that has overtaken Washington and rippled through the
WASHINGTON (Reuters) – Republicans offered a plan to President Barack Obama on Thursday that would postpone a possible U.S. default in a sign the two sides may be moving to end the standoff that has shuttered large parts of the government and thrown America’s future creditworthiness into question.
No deal emerged from a 90-minute meeting at the White House, but the two sides said they would continue to talk. It was the first sign of a thaw in a political crisis that has weighed on financial markets and knocked hundreds of thousands of federal employees out of work.
WASHINGTON, Oct 10 (Reuters) – Republicans in the House of
Representatives on Thursday unveiled a plan that would avert a
looming U.S. default, in a sign that lawmakers may end a
standoff that has rattled financial markets and thrown America’s
future creditworthiness into question.
Ahead of a meeting with President Barack Obama, it was
unclear whether Republicans would be willing to end a government
shutdown that took effect on Oct. 1 without concessions that
would undermine Obama’s signature healthcare law, a stance that
precipitated the crisis.
WASHINGTON (Reuters) – U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government’s borrowing authority to buy time for negotiations on broader policy measures, according to a Republican leadership aide.
How long the increase might suffice – a few weeks or a few months – was unclear. But agreement by Republicans and Democrats to raise the debt ceiling would at least stave off a possible default after October 17, when Treasury Secretary Jack Lew has determined the government will no longer be able to borrow.
WASHINGTON, Oct 8 (Reuters) – Republicans offered a new
approach on Tuesday to resolve the U.S. fiscal standoff,
proposing creation of a bipartisan panel to work on deficit
reduction and find ways to end the government shutdown and make
recommendations on a debt-limit increase.
The proposal, which was quickly dismissed by Democrats, came
as House of Representatives Speaker John Boehner and President
Barack Obama spoke by telephone shortly after Boehner adopted a
slightly more conciliatory tone in comments to reporters.
WASHINGTON, Oct 8 (Reuters) – U.S. Senate Democrats plan to
introduce a bill this week to raise the government’s borrowing
authority by enough to last through 2014 in an effort to avoid a
fiscal default that could have a disastrous economic impact.
The measure, which must be discussed among Senate Democrats
at a luncheon meeting on Tuesday, would not contain any of the
deficit reductions that Republicans have demanded, a Senate
Democratic aide said.