Harry Reid

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 […]

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 […]

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 votes exist to pass Senate deal but Boehner is stalling process

House votes exist to pass Senate deal but Boehner is stalling process

Aides to Republican members of Congress tell Capitol Hill Blue that they have the votes necessary to combine with Democrats to pass a proposed deal from the Senate that would reopen the government and stave off a debt default on Thursday but say that Speaker John Boehner is resisting bringing the measure to the floor […]

House GOP plan on debt, budget appeals to few, stalls resolution

House GOP plan on debt, budget appeals to few, stalls resolution

Speaker of the House John Boehner, fuming aides say because he feels “left out” of the budget negotiations nearing completion in the Senate, unveiled a House plan today that received at best lukewarm reception among Republicans and was dismissed as “too partisan” by many. “It can’t pass the Senate and it won’t pass the Senate,” […]

Agreement on new deal stalled, won’t meet optimistic predictions

Agreement on new deal stalled, won’t meet optimistic predictions

Senate leaders Harry Reid and Mitch McConnell predictions that they could reach agreement Tuesday on a deal to reopen the government and avoid a debt-increase stalemate that could result in a first-ever default on debt and obligations proved too optimistic. The pact, if approved by both the House and Senate and signed by President Barack […]

White House meeting postponed as new deal agreement appears close

White House meeting postponed as new deal agreement appears close

With both Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell saying they were closing in on an agreement to avoid a catastrophic default by the government and also reopen the partially-shutdown agencies, a planned meeting of House and Senate leaders with President Barack Obama at the White House was postponed to give negotiators […]

Reid claims progress towards a deal after meeting with McConnell

Reid claims progress towards a deal after meeting with McConnell

Senate Majority Leader Harry Reid (D-NV) claims progress towards an agreement to both avoid default on government obligations and end a government shutdown now into its third week after a closed-door meeting today with Minority Leader Mitch McConnell. Emerging from the meeting, Reid said “we’re getting closer” but would not go into details and said […]

Obama calls meeting at White House as talks continue on the Hill

Obama calls meeting at White House as talks continue on the Hill

President Barack Obama called a mid-afternoon meeting of Congressional leaders at the White House Monday. The call to the meeting came while the Senate’s leaders from both the Republican and Democratic parties met privately at the Capitol for the first time since Saturday in hopes of finding a way to solve the debt and budget […]

Some progress but no end in sight to impasse, debt crisis

Some progress but no end in sight to impasse, debt crisis

Senate negotiations to bring a fiscal crisis to an end showed signs of progress on Sunday, but there were no guarantees the federal government shutdown was about to end or that a historic debt default would be avoided. IMF chief Christine Lagarde warned of “massive disruption” to the global economy if the U.S. debt ceiling, […]