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Search Tags: debt limit
The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis.
House Republicans are offering to pass legislation to avert a default and end the 11-day partial government shutdown as part of a framework that would include cuts in benefit programs, officials said Friday. Republicans also seek changes in the three-year-old health care law known as Obamacare as part of an end to an impasse that has roiled financial markets and idled 350,000 federal workers. President Barack Obama has insisted he will not negotiate with Republicans over federal spending - or anything else - until the government is reopened and the $16.7 debt limit raised to avert the possibility of default.
On this week's Capital Impact show, Bloomberg Government analysts discuss how the debt limit and furloughs are affecting the economy, and how a case being reviewed by the Supreme Court, could impact future elections.
October 10, 2013
Tags: acquisition , Treasury Department , debt ceiling , furloughs , government shutdown , Supreme Court , Federal Election Commission , PACS , Allen Scott , Nela Richardson , Peter Brusoe , Capital Impact , Bloomberg Government
Congress returns to work today with a crowded agenda and little time. Lawmakers must come to agreement on 2014 funding before the fiscal year ends Sept. 30 or risk a government shutdown. Also on the agenda: coming up with an alternative to the automatic spending constraints known as sequestration and negotiating a raise in the government's borrowing limit. There are also other measures affecting federal employees that remain to be worked out, including legislation to overhaul the cash-strapped Postal Service and a potential 1 percent pay raise for civilian federal workers.
Tags: Congress , budget , House , Senate , appropriations , sequestration , Philip Joyce , Romina Boccia , Heritage Foundation , Jessica Klement , NARFE , continuing resolution , pay raise , postal reform , Tom Carper , Gerry Connolly , workforce