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Senate approves debt, budget deal 81-18; sends bill to House

Senate approves debt, budget deal 81-18; sends bill to House

Up against a deadline, Congress raced to pass legislation Wednesday night to avoid a threatened national default and end the 16-day partial government shutdown in the culmination of an epic political drama that placed the U.S. economy at risk. The Senate passed the measure on a bipartisan margin of 81-18 at midevening. That cleared the […]

Obama thanks Senate for passing debt, budget bill

Obama thanks Senate for passing debt, budget bill

President Barack Obama is thanking Democratic and Republican leaders in the Senate for passing a deal to end the partial government shutdown and avert a default. Obama says if and when the House approves the bill, he’ll sign it immediately. He says the U.S. will start reopening the government right away. Obama says now it’s […]

Boehner, other GOP House leaders, will vote for deal

Boehner, other GOP House leaders, will vote for deal

Speaker John Boehner and other top House Republican leaders intend to vote for the bipartisan agreement worked out in the Senate to avoid a financial default and reopen the government. Officials said Wednesday that the leaders made their intentions clear at a closed-door meeting of rank and file Republicans. Boehner in a statement said the […]

Congress racing to pass deal avoiding default, reopening government

Congress racing to pass deal avoiding default, reopening government

Up against one last deadline, Congress raced to pass legislation Wednesday avoiding a threatened national default and ending a 16-day partial government shutdown along the strict terms set by President Barack Obama when the twin crises began. “We fought the good fight. We just didn’t win,” conceded House Speaker John Boehner as lawmakers lined up […]

Senators announce last minute deal to avoid default, open government

Senators announce last minute deal to avoid default, open government

Senate leaders announced last-minute agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown. Congress raced to pass the measure by day’s end. The Dow Jones industrial average soared on the news that the threat of default was fading, flirting with a 200-point gain in morning trading. “This […]

Senate leaders reach deal to avoid debt default, reopen government

Senate leaders reach deal to avoid debt default, reopen government

Senate leaders reached last-minute agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown, according to a Republican senator who also said congressional leaders would push for passage as soon as possible. The New York Stock Exchange soared on the news that the threat of default was easing […]

After House failure to even vote, can Senate save the day?

After House failure to even vote, can Senate save the day?

Senate leaders are optimistic about forging an eleventh-hour bipartisan deal preventing a possible federal default and ending the partial government shutdown after Republican divisions forced GOP leaders to drop efforts to ram their own version through the House. Pressured by the calendar, financial markets and public opinion polls, Senate Majority Leader Harry Reid, D-Nev., and […]

Even a last minute deal won’t end the turmoil that lies ahead

Even a last minute deal won’t end the turmoil that lies ahead

Hold the champagne. Even if Congress reaches a last-minute or deadline-busting deal to avert a federal default and fully reopen the government, elected officials are likely to return to their grinding brand of brinkmanship — perhaps repeatedly. House-Senate talks are barely touching the underlying causes of debt-and-spending stalemates that pushed the country close to economic […]

Vote on House GOP debt bill scrapped for lack of support

Vote on House GOP debt bill scrapped for lack of support

A planned House vote Tuesday night on consideration of a controversial Republican proposal to reopen the government and extend borrowing authority was scrapped after it became clear Speaker of the House John Boehner didn’t have the votes to pass the bill. Republican leaders cancelled a meeting of the House Rules Committee to set up the […]

House vote on its unpopular debt proposal uncertain Tuesday night

House vote on its unpopular debt proposal uncertain Tuesday night

The House of Representatives, where Republicans threw a monkey wrench into efforts that were close to hatching a deal to reopen the government and extend the debt ceiling into next year, will vote Tuesday night on GOP proposal that has brought strong criticism to Speaker John Boehner and the conservative cult he allows to control […]