2 Days Left Until Default

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) It's day 15 of the government shutdown, but today it appears there's progress toward a deal to re-open the government and address the debt ceiling issue.

The deadline for raising the debt ceiling is this Thursday. That's when the government could potentially default on paying its bills.

Congressional aides predicted Majority Leader Harry Reid of Nevada and GOP Leader Mitch McConnell of Kentucky would seal an agreement today.

The emerging pact would re-open the government through January 15th and let the Treasury Department operate until February.

At the same time, House Republican leaders are planning to push their own bill to reopen the government and avoid the financial default.

Officials told The Associated Press on Tuesday that Speaker John Boehner and other GOP leaders have outlined a bill that would keep the government running through Jan. 15 and raise the debt limit to Feb. 7. The measure is separate from a deal emerging in the Senate.

The bill also would suspend a tax on medical devices for two years, require income verification for subsidies to receive health insurance and eliminate health care subsidies for the president, vice president, his Cabinet and members of Congress.

The House plans to vote on Tuesday.

Officials spoke on condition of anonymity because they weren't authorized to publicly discuss the plans.

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