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Published On: Wed, Oct 16th, 2013

Senate reaches short term deal to end shutdown, raise debt ceiling until 2014

Back the House goes the debate on raising the debt ceiling and ending the partial government shutdown.

The Senate has struck a deal to fund the government to January 15 and raise the debt ceiling to extend spending until February 7, 2014.

Photo/donkeyhotey  donkeyhotey.wordpress.com

Photo/donkeyhotey donkeyhotey.wordpress.com

There is no word on what the House plans to do now that the Senate has reached a decision.

Senate Majority Leader Harry Reid and Republican leader Mitch McConnell announced the agreement on the Senate floor, where it was expected to win easily.

Senator Ted Cruz said the deal provides no relief of negative results of the Affordable Care Act and opposes the temporary deal but will not try to block a vote.

Thursday marks the day the Treasury Department will run out of special accounting maneuvers to keep the nation under the legal borrowing limit. From that point on, it will have to pay the country’s incoming bills and other legal obligations with an estimated $30 billion in cash, plus whatever daily revenue comes in.

Both Democrats and Republicans are confident that the U.S. House of Representatives will have enough votes on Wednesday to pass the bipartisan Senate plan, a top Democratic aide said.

Aides to House Speaker John Boehner, the top Republican in Congress, called senior Senate staff to say the House would vote first on the measure, the aide said. The aide said it appears certain to be approved with mostly Democratic votes.

 

 

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About the Author

- Writer and Co-Founder of The Global Dispatch, Brandon has been covering news, offering commentary for years, beginning professionally in 2003 on Crazed Fanboy before expanding into other blogs and sites. Appearing on several radio shows, Brandon has hosted Dispatch Radio, written his first novel (The Rise of the Templar) and completed the three years Global University program in Ministerial Studies to be a pastor. To Contact Brandon email [email protected] ATTN: BRANDON

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  1. Mitch McConnell gets ‘Kentucky Kickback’ with dam deal, $2 billion earmark - The Global Dispatch says:

    […] bill that ended the government shutdown and prevented the trip over the fiscal cliff Wednesday night also included a $2 billion […]

  2. Obama: shutdown ‘inflicted unnecessary damage to economy’ as Biden takes EPA workers snacks - The Global Dispatch says:

    […] The deal setup by the Senate funds the government into January and raises the debt ceiling until mid-February – details here. […]

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