WASHINGTON (Reuters) – The U.S. Congress, struggling to avert a government shutdown next week, was warned by the Obama administration on Wednesday that the Treasury was quickly running out of funds to pay government bills and could soon face a damaging debt default.
Treasury Secretary Jack Lew pleaded with Congress to raise the $16.7 trillion debt limit and said the government would not be able to borrow funds past October 17.
WASHINGTON, Sept 25 (Reuters) – The U.S. Congress, already
struggling to avert a government shutdown next week, turned its
attention on Wednesday to the other fiscal bullet it had to
dodge: a federal debt default.
Republican leaders in the House of Representatives notified
members that a vote on raising the debt limit could come as
early as Friday.
WASHINGTON, Sept 25 (Reuters) – U.S. Senator Ted Cruz began
on Wednesday the second day of a marathon attack on Obamacare
from the Senate floor, but most of his fellow Republicans
declined to join the Tea Party favorite.
Standing in the nearly empty Senate chamber shortly past
midnight, Cruz spent a ninth straight hour making his case to
defund President Barack Obama’s landmark overhaul of the U.S.
WASHINGTON, Sept 24 (Reuters) – U.S. Senator Ted Cruz, a
renegade Tea Party favorite, took his fight to defund President
Barack Obama’s healthcare overhaul to the Senate floor on
Tuesday, but most of his Republican colleagues refused to join
In fact, a majority of the 46 Republicans in the Senate may
end up lining up instead with their party leaders, who want to
pass an emergency spending bill by Sept. 30 that would avoid a
federal government shutdown and would undercut Cruz’s
high-stakes effort to stop Obamacare.
WASHINGTON (Reuters) – U.S. Senate Republicans on Tuesday appeared to fall in line with their leaders who want to pass an emergency spending bill by September 30 and avoid government shutdowns, even if it means failing in a drive to destroy “Obamacare.”
Republican Senator Ted Cruz, the Tea Party-backed conservative who has been pushing for gutting President Barack Obama’s signature healthcare law by linking it to government funding in the new fiscal year, sought to rally support.
WASHINGTON, Sept 23 (Reuters) – A trio of Tea Party-backed
U.S. senators threatening to stall a bill to fund the U.S.
government ran into a wall of resistance Monday from top Senate
Republicans, including Minority Leader Mitch McConnell.
In statements issued Monday evening, McConnell and the
second-ranking Republican, John Cornyn of Texas, made it clear
that they would not support the tactics of freshman Senators Ted
Cruz, Mike Lee and Marco Rubio, which would have increased the
odds of a government shutdown on Oct 1.
WASHINGTON, Sept 23 (Reuters) – All signs on Monday pointed
to a frantic last-minute showdown that will determine whether or
not the U.S. government stays open next week or shuts down as a
result of Republican efforts to scuttle “Obamacare,” President
Barack Obama’s health care law.
Heightening the tension, and the pressure on Republicans,
the Pentagon issued a warning about the consequences of a
shutdown, neither the first nor the last such announcement
expected from federal agencies over the next few days.
WASHINGTON (Reuters) – The U.S. Congress begins a wild and potentially chaotic week on Monday that may or may not end with a government shutdown on October 1 but will surely do nothing to improve its low standing with American voters.
With action to fund the government required in both the U.S. Senate and then once again in the House of Representatives, a down-to-the wire battle through next weekend is almost guaranteed.
WASHINGTON, Sept 20 (Reuters) – A familiar Washington
melodrama – will they or won’t they shut down the government -
took center stage on Friday when the Republican-controlled House
of Representatives passed a bill to fund the government but only
if President Barack Obama’s landmark healthcare law is
Notching its 42nd vote against Obamacare and knowing full
well that the Democratic Senate will reject it, Republicans in
the House cast their vote, staged a noisy celebration in front
of a placard declaring “SenateMustAct,” and then left town for
several days to give time for the Senate to demolish its work.
WASHINGTON, Sept 19 (Reuters) – Republicans in the U.S.
House of Representatives on Thursday plowed ahead with a bill to
gut President Barack Obama’s healthcare law while temporarily
funding other government programs, ignoring a warning from the
White House that the measure would be vetoed.
The bill, which would keep the government running through
Dec. 15 and avert shutdowns with the start of the new fiscal
year on Oct. 1, faced its first test vote in the House on
Thursday with passage of the measure expected on Friday.