Connect to share and comment

U.S. budget negotiators pledge to bridge vast gulf

By David Lawder WASHINGTON (Reuters) - Hours after Congress voted to avert a disastrous U.S. debt default and reopen government agencies, budget negotiators kicked off a new round of talks on Thursday, pledging to bridge the vast gulf between Republican and Democratic fiscal priorities.

Dim hopes that new U.S. panel can reach grand bargain on budget

By David Lawder WASHINGTON (Reuters) - Washington's last-minute deal to reopen the government and avert a default sets up the latest congressional committee to try to reach a budget compromise, but some lawmakers say the panel faces an extremely difficult task.

US lawmakers in eleventh hour vote to avert default

Pulling America's economy back from the edge of an abyss, the Senate approved a measure Wednesday that should end the US government shutdown and averts a potentially catastrophic default. The last-gasp bill, which passed 81-18 with broad bipartisan support, now heads to the House of Representatives, less than four hours before a midnight deadline. Republican and Democratic senators announced a plan that would stave off the most pressing crisis by extending the US Treasury's borrowing authority until February 7.

US Congress to pass last-ditch deal to avert default

US lawmakers were poised Wednesday to vote to raise the country's debt limit and re-open the federal government, after an eleventh-hour deal to save Washington from a historic default. Republican and Democratic senators announced a plan that would stave off the most pressing crisis by extending the US Treasury's borrowing authority until February 7.

Senators reach deal on U.S. debt ceiling, budget

Washington, Oct 16 (EFE).- Democratic and Republican leaders in the U.S. Senate announced Wednesday an "historic" accord to enable the country to reopen the federal government and avoid going into default less than 24 hours before the debt ceiling is to be reached. Senate Majority leader Harry Reid (D-Nevada) said that the negotiations with the Republicans had been very difficult but that an agreement had ultimately been reached and it must now be voted on in both houses of Congress.

Hours from debt deadline, US pins hope on Senate exit strategy

The United States Wednesday stood hours from a fateful fiscal deadline, with a chaotic political standoff threatening to trigger a debt default and rock the global economy. Hopes that Congress would agree to raise the government's borrowing authority as required by midnight (0400 Thursday) rested with last gasp talks in the Senate -- with America's top notch credit rating on the line.

Political chaos pushes US up against debt deadline

A day of political disarray Tuesday pushed America to within hours of a debt default deadline, but two veteran senators chased a last-gasp deal to stave off a sudden shock to the global economy. Just 26 hours before the US government begins to run short of money to pay its bills, hopes for an exit strategy rested with late-night talks between Senate majority leader Harry Reid and Republican minority leader Mitch McConnell.

Budget rift pushes Washington to the brink

Washington's risky game of political brinkmanship neared crisis point Tuesday, with no deal yet nailed down to avoid a catastrophic US debt default, just 36 hours before a crucial deadline. Despite global fears that the US government could run out of money to pay its bills on Thursday, the rift cleaving US politics and a fight for the soul of the Republican Party thwarted compromise. Hopes a nascent deal between Republicans and Democrats in the Senate would open the way to resolve a fight over raising the US borrowing limit and reopening government proved over optimistic.

Senate in talks to end US fiscal impasse, deal elusive

With House Republicans blaming President Barack Obama for the collapse of talks on extending US borrowing authority, the Senate scrambled Saturday to piece together a bipartisan exit strategy. The eyes of the world are glued on Washington as politicians grapple with how to open the shuttered government and avoid a potentially calamitous failure to pay the country's obligations for the first time in history, a scenario experts warn would send shockwaves through international markets.

U.S. House Republicans weigh debt limit hike without add-ons: source

WASHINGTON (Reuters) - U.S. House of Representatives Republicans are weighing a short-term debt limit increase with no added policy changes, such as deficit-reduction requirements, according to a source with knowledge of the discussions. The source, who asked not to be identified, said the initiative gained steam after the conservative Heritage Foundation think tank began pushing for this kind of straightforward debt limit increase, albeit a short-term one, that Democrats have been insisting upon.
Syndicate content