House GOP has new plan; vote could be Tuesday
Source: Washington Post
House Republicans are regrouping around a new version of their bill to reopen the government and raise the federal debt limit, with a vote by the full House expected as soon as Tuesday night.
The measure would raise the debt limit through Feb. 7, as in the original proposal. But it would fund federal agencies only through Dec. 15, creating the threat of another government shutdown just before Christmas if lawmakers fail to resolve a dispute over deep spending cuts known as the sequester.
Republicans decided to drop their bid to repeal a tax on medical devices that helps to fund President Obama’s health-care law. But in addition to denying employer subsidies to lawmakers and members of the executive branch, conservatives insisted on denying those subsidies to their own congressional staffs as well.
Republicans also adjusted another proposal to make clear that the Treasury Department would be only temporarily barred from using extraordinary measures to juggle the books after the Feb. 7 deadline.
Read more: http://www.washingtonpost.com/blogs/post-politics-live/liveblog/live-updates-the-shutdown-8/#a09ae07a-4898-4ac7-95b4-cbd3160044ce
I'm becoming worried that the chaotic rush to get something done and the general anger that everyone feels is going to screw things up at the last minute.
Market is down 133 points.
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