The House will vote as soon as tonight on a bill that would prevent U.S. borrowing authority from lapsing Oct. 17 and end a 15-day government shutdown, following through on a maneuver that put Senate talks on hold.
Senate talks aimed at ending the government shutdown and preventing a default are on hold and haven’t broken down while the House considers its competing plan, said the chamber’s top leaders in the U.S. Senate.
Senate Majority Leader Harry Reid rejected a House plan to halt the fiscal impasse, as Senate leaders put on hold bipartisan talks aimed at ending the 15-day- old government shutdown and preventing a default.
Senate Majority Leader Harry Reid rejected a House plan to halt the fiscal impasse, as he tried to build support for an emerging bipartisan Senate agreement to end the government shutdown and prevent a U.S. default.
The fiscal showdown in Washington entered its final stages as the House and Senate prepared competing plans that would end the 15-day-old government shutdown and prevent the U.S. from missing promised payments.
The Senate blocked a Democratic plan to push the next fight over raising the debt limit until 2015 as lawmakers struggled to find a path to prevent a U.S. default and end the 12-day government shutdown.