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Posts Tagged ‘debt ceiling agreement’

Hitting Debt Ceiling Could Slow Defense Contractor Payments

  • October 15, 2013
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Congress’ failure to raise the nation’s debt ceiling could result in a variety of impacts, including a delay in payments to service members, defense contractors and veterans. “For the defense industry itself, I think it would be a more extreme version of, first the sequester and then the government shutdown,” said Shai Akabas, a senior policy analyst with the Bipartisan Policy Center …

Senate Leaders Move Closer to Fiscal Deal

  • October 15, 2013
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Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) moved closer Tuesday to a deal to reopen the government and extend the debt ceiling, with a final plan possibly ready to be unveiled today. The chamber’s leaders had suspended talks for much of the day after Senate Republicans embraced a relatively similar proposal under consideration in the House. Republican leaders in that chamber, however, failed to gain support from their conference and the plan fell apart …

Momentum Builds toward Budget Deal in Senate

  • October 14, 2013
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Senate leaders expressed optimism Monday that a deal to reopen the government and extend the nation’s debt ceiling could be reached in the coming days, a quick change of events from the tone just one day earlier. Under the compromise plan leaders outlined, the Senate would pass a fiscal 2014 continuing resolution (CR) to keep the government open through Jan. 15 and legislation to extend the debt ceiling to early or mid-February. While Senate leaders indicated the framework for a bipartisan agreement had been worked out, many details remained in doubt …

95 Percent of Furloughed Civilians Back at Work, Hale Says

  • October 10, 2013
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More than 95 percent of DOD civilians placed on emergency furlough last week when the government shut down are back to work as a result of the Pay Our Military Act, which allows the department to pay civilian employees who support the armed forces, Pentagon Comptroller Robert Hale told the House Armed Services Readiness Subcommittee Thursday. About 40,000 workers remain on furlough, with 35,000 of those employees of the Army Corps of Engineers. About 7,000 furloughed employees work on public affairs or legislative affairs …

White House, Republicans Attempt to Broker Deal

  • October 10, 2013
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President Obama and House Republicans did not reach an agreement to reopen the government and extend the nation’s debt ceiling following a White House meeting Thursday evening, but both sides said they would continue discussions into the night. House Speaker John Boehner (R-Ohio) came to the White House with an offer that would lift the debt ceiling for six weeks in exchange for an agreement to engage in negotiations on a longer-term budget deal, reported the Hill. The GOP’s proposal, however, did not call for an end to the partial government shutdown …

Classified Briefing Needed to Clarify Impact of Sequestration for Full House, Forbes Says

  • October 9, 2013
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As Congress lurches toward possible negotiations over the budget, a group of 15 House Republicans led by Randy Forbes (Va.) is requesting a classified briefing for all House lawmakers from the military’s top officers to spell out the impact of $500 billion in further defense cuts on national security. In a letter to House Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.), Forbes noted that the chamber’s Armed Services Committee has received multiple hearings outlining the harm to the nation’s military readiness caused by sequestration …

Top Republicans Propose Unlinking Obamacare Changes to Fiscal Milestones

  • October 9, 2013
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Two top House Republicans on Wednesday signaled an intention to abandon their effort to dismantle the Affordable Care Act as a prerequisite for agreeing to reopen the government and extend the nation’s debt ceiling. House Majority Leader Eric Cantor (Va.) and Budget Committee Chairman Paul Ryan (Wis.) wrote separate editorial columns that urged President Obama to negotiate an increase in the debt limit, primarily through reforms to entitlement programs. Neither column, however, mentioned Obama’s signature health care law as an item of discussion …

House Plan for New Supercommittee Brings Shutdown No Closer to Resolution

  • October 8, 2013
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President Obama and congressional Democrats on Tuesday said they would oppose a House plan to create a bipartisan panel of lawmakers to negotiate a short-term measure to end the partial government shutdown and extend the nation’s debt ceiling, bringing the weeks-long dispute over funding the government into fiscal 2014 no closer to resolution. The plan approved by the House would establish a working group of 10 congressmen, including four Democrats chosen by the chamber’s minority leader, and 10 senators, with four Republicans selected by that chamber’s minority leader …

Defense Communities Suffer Disproportionate Hit from Sequestration

  • October 6, 2013
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Sequestration is falling most heavily on counties with a military installation, according to a new analysis prepared by the Financial Times and the Center for Public Integrity. The per capita impact of automatic budget cuts on the 388 counties with at least one military installation was $312 in fiscal 2013, compared to a $171 per capita impact in the 2,727 counties without an installation …

Republican Talk Shifts to Larger Fiscal Deal to Address Shutdown, Debt Ceiling

  • October 6, 2013
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By the end of the week, the conversation on Capitol Hill, at least from House and Senate Republicans, veered away from narrow demands to overturn President Obama’s health care law toward the need for a budget deal that addresses both the weeklong government shutdown and the fast approaching deadline to raise the nation’s debt ceiling. House Republicans meeting Friday discussed a variety of changes to chip away at the nation’s growing debt, including reforming entitlement programs and overhauling tax policy, which could be part of a broad agreement that addresses both fiscal issues …

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