• 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

    At annual gathering, legendary pilot shares his love of flying

    by Eric Ruble on Apr 30, 19:05

    Inside the FedEx hangar at Ted Stevens Anchorage International Airport is any pilot’s dream — Brand-new planes sit alongside historic models. Dozens of booths ring the hangar with the latest gear in aviation technology. The Great Alaska Aviation Gathering was organized by the Alaska Airmen Association (AAA), which expects at least 23,000 people to attend […]

  • News

    Spenard celebrates neighborhood renaissance

    by Eric Ruble on Apr 30, 15:05

    Once one of Anchorage’s grittiest neighborhoods, Spenard is now home to a wide spectrum of artists, musicians and young families. Chef Amanda Cash said it was the obvious choice when looking for a permanent home for her food truck, Magpie Kitchen at Large. “I live in the neighborhood, and I believe in the neighborhood,” Cash […]

  • Politics

    Alaska Republican Party elects new chairman

    by Liz Raines on Apr 30, 12:53

    Tuckerman Babcock is taking over as chairman of the Alaska Republican Party after a vote by members at the state convention in Fairbanks Saturday morning. Babcock won by 52 percent in a three-way race against Ann Brown and Ric Davidge. The final count came after more than 40 minutes of debate on the party’s rules […]

  • News

    Faster than a Falcon: Kids, parents race to beat mascot in Mountain View 5K

    by KTVA CBS 11 News on Apr 30, 11:34

    Participants of the seventh-annual Faster Than a Falcon 5K run took off through Mountain View Saturday morning, hoping to win a special prize. The goal for racers each year is to beat a costumed “falcon” runner to the finish line for a special prize. This year’s “falcon” runner was dressed as a raven, who joked, […]

  • News

    Terminating parental rights: State policies vary widely

    by on Apr 30, 11:11

    For child-welfare agencies across the United States, it’s the ultimate sanction: terminating the rights of parents to raise their own children due to concerns about abuse and neglect. All states resort to this step when deemed necessary for a child’s well-being, but there are wide state-to-state disparities in the rate of terminations and the extent […]

  • Sports

    Globetrotters coach a UAA basketball coach

    by Dave Leval on Apr 29, 22:03

    It was a mutual admiration’s society, Thursday morning, on the court at Alaska Airlines Center. The Harlem Globetrotters stopped by for an arranged media gathering and in the process also coached the coach. UAA women’s basketball head coach Ryan McCarthy received a few tips from the Globetrotters before deciding whether or not he should join […]

  • Politics

    Could Alaska choose the republican presidential nominee? It’s possible.

    by Liz Raines on Apr 29, 21:53

    It’s an exciting weekend for hundreds of Alaska Republicans at the state GOP convention in Fairbanks. The delegates chosen there could play a key role in the national convention in Cleveland this summer. It all stems from the local party’s last-minute decision to let Marco Rubio keep the five delegates he won in Alaska during […]

  • Lifestyle

    AK Mission of Mercy offers free dental care to those in need

    by Lauren Maxwell on Apr 29, 20:47

    Not everyone likes to go to the dentist, but hundreds of people were feeling grateful after they got the chance to go Friday. That’s because their dental care was free at an event called AK Mission of Mercy. More than 500 people showed up at the Dena’ina Center to get everything from teeth cleanings to […]