WASHINGTON (Reuters) – A month of combat in the U.S. Congress over government spending showed signs on Monday of giving way to a Senate deal to reopen shuttered federal agencies and prevent an economically damaging default on federal debt.
Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of constant talks with optimistic proclamations, as details leaked out of the pact they were negotiating.
WASHINGTON (Reuters) – U.S. senators said they were closing in on a deal Monday that would reopen the government and push back a possible default for several months, though many hurdles remained as a Thursday deadline drew near.
The Senate’s top Democrat and top Republican both said they hoped they could soon reach an agreement that would allow them to avert a looming default and end a partial government shutdown that has dragged on for 14 days so far.
WASHINGTON (Reuters) – President Barack Obama said lawmakers appear to have made progress on a deal to reopen the government and avert a looming default on Monday as he prepared to meet congressional leaders with a Thursday deadline drawing near.
Obama and Vice President Joe Biden were due to meet at 3 p.m. with Senate Majority Leader Harry Reid, Senate Republican Leader Mitch McConnell, House of Representatives Speaker John Boehner, and House Democratic Leader Nancy Pelosi, the White House said.
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.