Senate Leaders Discuss Deal to Avert Default, Reopen Government - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Senate Leaders Discuss Deal to Avert Default, Reopen Government

Posted: Updated:

The Senate's Democratic and Republican leaders are discussing a possible deal to head off a midweek default and end the 14-day partial government shutdown.

Under the terms they're discussing, the $16.7 trillion debt limit would be raised enough to permit the Treasury to borrow normally at least until mid-February, and the government would reopen with enough funds to operate until mid-January.

Officials say some thought is also being given to repealing a $63 fee that companies must pay for each person they cover under the big health care overhaul.

The White House says a meeting between Obama and congressional leaders has been postponed to give Senate leaders more time to resolve a standoff over the nation's debt and the partial government shutdown.
 
Obama was scheduled to meet Monday afternoon at the White House with the Democratic and Republican leaders in the House and Senate. A new day or time for the meeting wasn't announced.
 
The last meeting between Obama and the congressional leaders was Oct. 2.

Senate Majority Leader Harry Reid earlier said he's getting closer to a deal with Republican leader Mitch McConnell. Reid made the comments to reporters on Monday after emerging from a meeting with McConnell that lasted just over a half hour.

Meanwhile, the government shutdown is slowing the wheels of justice in federal courts.
 
Civil cases have been delayed and prosecutors are working with skeleton staffs.
 
But criminal cases are still moving ahead and so are most bankruptcy cases and appeals. (AP

  • Today's Top StoriesMore>>

  • Money Watch Q & A: Solar Power Savings

    Money Watch Q & A: Solar Power Savings

    Wednesday, August 20 2014 4:28 PM EDT2014-08-20 20:28:05 GMT
    How much is your roof worth with solar panels? We'll talk about profiting from your roof space and how you can earn cash back in tonight's Money Watch Q & A.More >>
    How much is your roof worth with solar panels? We'll talk about profiting from your roof space and how you can earn cash back in tonight's Money Watch Q & A.
    More >>
  • St. Vincent's Event Offers Free Haircuts

    St. Vincent's Event Offers Free Haircuts

    Wednesday, August 20 2014 4:23 PM EDT2014-08-20 20:23:40 GMT
    More than a dozen hairstylists from various local salons donated their time and services on Wednesday to give people free haircuts. Catholic Charities and St. Vincent's Programs created the new event called Haircuts From the Heart.More >>
    More than a dozen hairstylists from various local salons donated their time and services on Wednesday to give people free haircuts. Catholic Charities and St. Vincent's Programs created the new event called Haircuts From the Heart.More >>
  • Workshops Scheduled to Address Water Consolidation

    Workshops Scheduled to Address Water Consolidation

    Wednesday, August 20 2014 3:15 PM EDT2014-08-20 19:15:59 GMT
    A series of public workshops is scheduled to address rules and rates regarding the consolidation of Washoe County's water utility and South Truckee Meadows General Improvement District with Truckee Meadows Water Authority.More >>
    A series of public workshops is scheduled to address rules and rates regarding the consolidation of Washoe County's water utility and South Truckee Meadows General Improvement District with Truckee Meadows Water Authority.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.