• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
2m 18s

Senate announces deal to end government shutdown, lift debt ceiling

By Rebecca Kaplan / CBS News 4:35 PM October 16, 2013

Still unclear whether House or Senate will vote first; prospects for passage in House not assured

Alaska –

With hours left for Congress to finalize and pass legislation before the United States’ borrowing authority expires, Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., formally unveiled a plan Wednesday that will fund the government through Jan. 15 and lift the debt limit through Feb. 7.

The pair started negotiating earlier this week after attempted talks between President Obama and House Republicans failed to come together. After coming close to a deal on Monday evening, they stepped aside Tuesday to allow the House to attempt to negotiate a solution. When the GOP leadership failed to craft a plan that could win sufficient Republican support, Reid and McConnell were back in the spotlight.

Senate Republicans met at 11 a.m. to discuss the deal.

It is still unclear which chamber of Congress will vote first on a deal. If the House votes first, it will allow the Senate to avoid procedural hurdles that could force them to spend extra hours waiting to pass the bill.

“No decision made, just waiting on the Senate,” House Majority Whip Kevin McCarthy, R-Calif., said Wednesday morning.

But passage is still not a sure thing. For one, House Speaker John Boehner, R-Ohio, will need to round up enough Republican votes to join Democrats in voting for the Senate plan. It’s expected that most, if not all, of the 200 House Democrats will vote for the plan; 217 votes are needed for passage. Although Boehner has tried to stick to the so-called “Hastert Rule” by not putting a bill on the floor of the House that doesn’t have majority support within his own party, he has already had to do so several times this year and will likely have to do so again Wednesday.

The deal passed in January to avoid the fiscal cliff passed with 85 Republicans, A bill not long after that to provide billions in relief to the victims of Hurricane Sandy passed with just 49 Republicans. And a reauthorization of the Violence Against Women Act had just 87 GOP votes.

Additionally, it is uncertain whether Sens. Ted Cruz, R-Texas, or Mike Lee, R-Utah, will try to block the deal in the Senate. Cruz kicked off the battle that led to the shutdown last month when he gave a 21-hour speech on the Senate floor railing against Obamacare.

If the this latest deal somehow fails to clear either the House or Senate, and the debt limit isn’t raised by Thursday, the Treasury will have exhausted its borrowing authority and will be relying on limited cash reserves to pay off the nation’s debt. It won’t necessarily happen at 12:01 a.m. on Thursday, and it may take a few days or even weeks for the world to feel the full impact of such an unprecedented state of economic uncertainty.

Latest Stories

  • News

    Alaska Federation of Natives Convention Day 2: Courting the Native vote

    by Rhonda McBride on Oct 24, 23:31

    Candidates have traditionally courted the Alaska Native vote at the Alaska Federation of Natives convention. But this election-season ritual has reached a fever pitch this year. Some of that could be due to the formation of the Unity ticket; the merged campaigns of Bill Walker, who was running as an independent candidate for governor, and […]

  • News

    Steese Highway collision kills 1

    by KTVA CBS 11 News on Oct 24, 23:00

    One person is dead and another injured following a head-on crash outside Fairbanks Friday night, Alaska State Troopers said. The collision on the Steese Highway near Hagelbarger Avenue was reported to troopers in Fairbanks just before 7:15 p.m., according to an AST dispatch. One person was seriously injured and later succumbed to their injuries, troopers […]

  • News

    South Anchorage crash injures 1, temporarily closes highway

    by KTVA CBS 11 News on Oct 24, 22:15

    Both lanes of the Seward Highway were closed for more than two hours Friday evening following a two-vehicle collision that left one person hospitalized. According to the Anchorage Police Department, the crash happened just after 5:30 p.m. near the highway’s intersection with O’Malley Road. A vehicle heading north crossed the median and hit another vehicle […]

  • Weather

    Evening News weather, Oct. 24

    by KTVA Weather on Oct 24, 19:58

     

  • News

    Dam expansion increases Sitka’s power production

    by Heather Hintze on Oct 24, 19:44

    The Blue Lake Project in Sitka is set to dramatically increase the production of hydroelectricity for the city. Five miles out of town, up a one-lane dirt road, tucked into the mountains, construction crews work on the expansion in the windy canyon. The project is so massive it takes Alaska’s largest, 600-ton crane to make […]

  • News

    Anchorage mom loses boxing match, still wins big

    by Lauren Maxwell on Oct 24, 19:18

    Maria Edwards had never boxed before she got in the ring Thursday night at the Egan Center. But she had a good reason for taking part in Anchorage’s Thursday Night Fights: She was trying to earn enough cash to afford gymnastic lessons for her 3-year-old son. Edwards had her eye on the prize money, $50 […]

  • News

    Complaints lead to towing ordinance update

    by Bonney Bowman on Oct 24, 18:46

    Anchorage residents who are angry over inconsistent and often exorbitant towing fees may soon see some relief. The Anchorage Assembly discussed a proposed amendment to the municipal towing ordinance Friday. The amendment would cap the price of non-consensual tows, such as when cars are towed from private lots, at $225. It also prevents towing companies from […]

  • News

    Assembly debates software program audit

    by Bonney Bowman on Oct 24, 18:06

    Anchorage Assembly members met Friday to discuss how to best move forward with the municipality’s troubled software overhaul. Members debated conducting an independent audit of the SAP program, which is designed to automate many aspects of government, including payroll. But the program is three years overdue and more than $20 million over budget. Assembly members […]