Senate Leaders Near Deal

Senate leaders near deal

Senate leaders are close to a deal that would extend the U.S.’s borrowing capability to February 7, fund the government until January 15, and force Washington to hold budget talks by December 13th. Even though this deal would fend off a potential default, end the 15 day government shutdown, and change the immediate deadlines in favor of three new ones over the next four months, Tea Party republicans are expected to oppose the deal. This deal is not a final solution, rather an extension to give congress time to negotiate. At this point, kicking the can down the road is progress because it takes us away from the edge of financial collapse.