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Oct 13, 2013

U.S. fiscal negotiations sputter as deadline nears

WASHINGTON (Reuters) – Congressional negotiations to end a U.S. fiscal crisis gripping Washington and spooking financial markets hung by a thread on Saturday after bipartisan talks broke down in the House of Representatives and shifted to Senate leaders.

Senate Majority Leader Harry Reid, a Democrat, held an initial session with Senate Republican leader Mitch McConnell. But uncertainty remained about their ability to reach an agreement quickly to end a partial government shutdown and increase the nation’s borrowing authority.

Oct 12, 2013

Deal to resolve fiscal crisis stalls in U.S. Congress

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
sputtered.

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.

Oct 12, 2013

Obama and Republicans search for a deal on U.S. fiscal impasse

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.

Oct 11, 2013

Obama and Republicans struggle to break fiscal impasse

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.

Oct 11, 2013

Obama and Republicans struggle to break fiscal deadlock

WASHINGTON (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 October 17 limit.

Oct 10, 2013

Republicans offer plan to postpone U.S. default

WASHINGTON (Reuters) – Republicans in the House of Representatives offered a plan on Thursday that would postpone a possible U.S. default and urged President Barack Obama to negotiate an end to the 10-day government shutdown.

The move signaled a new willingness by Republicans to break a standoff of their own making that has thrown America’s future creditworthiness into question.

Oct 8, 2013

War hero McCain says shutdown halts military death benefits

WASHINGTON (Reuters) – Senator John McCain said on Tuesday that members of Congress should be “embarrassed” and “ashamed” for the suspension of death benefits for American soldiers recently killed in Afghanistan.

Speaking on the Senate floor, McCain said these $100,000 payments have been denied to at least five families because of the government shutdown, now in week two.

Oct 8, 2013

U.S. Republicans offer new plan in fiscal standoff

WASHINGTON (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.

Oct 8, 2013

U.S. Senate Democrats ready debt limit bill, Boehner wants talks

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.

Oct 6, 2013

Pentagon to recall most furloughed workers, easing shutdown pain

WASHINGTON (Reuters) – The Pentagon said on Saturday it would recall most of the roughly 400,000 civilian Defense Department employees sent home during the government shutdown, in a move that could greatly lessen the impact of the shutdown on America’s armed forces.

The exact number to be recalled remained uncertain. Civilian Pentagon employees comprise about half the 800,000 federal employees currently furloughed.

    • About Thomas

      "Thomas Ferraro joined Reuters in 1998; he has helped cover a number of presidential campaigns and is a veteran of Capitol Hill where he has seen Democratic and Republican majorities rise and fall. He has also covered a number of Supreme Court confirmation battles, including those of four nominees now on the highest U.S. court."
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