Rep. Paul Ryan, R-Wis. Charles Dharapak/AP
Rep. Paul Ryan began the budget conference committee last month by warning Democrats that they would sabotage the negotiations by insisting on a debate over more revenue.
“If this conference becomes an argument about taxes, we’re not going to get anywhere,” Ryan told the group on Oct. 30. It took Democrats all of one week to dismiss his advice.
Several liberal lawmakers on the committee drafted a memo last week detailing “egregious tax loopholes” that could be closed to raise revenue and help soften sequester cuts—a nonstarter for Ryan and the House Republican Conference. Continue reading “How the Budget Deal Will Die”
Doug Mills/The New York Times
The House speaker, John A. Boehner, Republican of Ohio, arrived for a meeting on Wednesday morning.
Published: October 16, 2013
WASHINGTON — Senate Democratic and Republican leaders on Wednesday reached final agreement on a deal to reopen the government and extend its borrowing authority into February, with votes in the House and the Senate possibly to begin in the afternoon, according to aides familiar with the negotiations.
Senate Republicans have gathered for a final review, but lawmakers have given no indication they will block it. A government shutdown into its third week yielded virtually no concessions to the Republicans other than some minor tightening of income verifications for people obtaining subsidized insurance premiums under the new health care law.
Under the agreement, the government would be funded through Jan. 15, and the debt ceiling will be extended to Feb. 7. The Senate will take up a separate motion to instruct House and Senate negotiators to reach accord by Dec. 13 on a long-term blueprint for tax-and-spending policies over the next decade. Continue reading “Senate Reaches Bipartisan Fiscal Deal”