General Discussion
In reply to the discussion: I think we should take the short term deal now that cuts to Obamacare is off the table .. [View all]cali
(114,904 posts)House Republicans gathered Thursday morning to discuss a plan to lift the governments statutory borrowing limit temporarily to allow for negotiations on a package of deficit reduction and tax reform proposals that could lead to a reopening of the government and an end to the threat of government default.
House Republican leaders jumped on the plan, presented on Wednesday by Representative Paul D. Ryan of Wisconsin, chairman of the House Budget Committee. Meantime, a group of Republican senators has begun meeting with Senator Mitch McConnell of Kentucky, the Republican leader, to find a bipartisan solution to the twin fiscal impasses.
The senators are examining a year-long resolution funding the government at levels that reflect automatic spending cuts known as sequestration, but with added flexibility to help government agencies and departments deal with the tight budgets. The debt ceiling would also be raised.
A repeal of a tax on medical devices would lend a face-saving fig leaf for conservatives trying to take a bite out of the presidents health care law. And Republicans are eying new income verification procedures to limit access to the health exchanges under the new law.
<snip>
http://www.nytimes.com/2013/10/11/us/politics/debt-limit-debate.html