Mitch McConnell

Effects from shutdown could linger into 2014

Effects from shutdown could linger into 2014

  Republicans eyeing possible White House bids in 2016 largely opposed a bill in Congress to avert a default and end a 16-day partial government shutdown, rejecting a measure that could shape upcoming elections. The vote split a group of GOP House members plotting Senate bids. A majority of Republicans in the Senate supported the […]

It’s finally over. Congress approves debt, budget deal

It’s finally over.  Congress approves debt, budget deal

After weeks of wrangling, 16 days of partial shutdown, and less less than two hours before the deadline for the government to lose its borrowing authority, Congress approved a last-minute compromise bill that puts the government back to work and allows the U.S. Treasury to continue borrowing money — sending the legislation to President Barack […]

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 […]

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 […]

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 […]

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 […]