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Latest Budget Updates: Just Hours to Go Before Shutdown Latest Budget Updates: Just Hours to Go Before Shutdown

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Latest Budget Updates: Just Hours to Go Before Shutdown


6:17: NBC News' Chuck Todd speculates that "The fact that Harry Reid canceled a planned Senate floor speech at 6pmET is yet another sign things may be moving closer to a deal."


4:48: Rep. Michele Bachmann tweets, "I am ready for a big fight that will change the arc of history. The current fight in Washington is not that fight." In response, David Frum declares, "Bachmann throws in the towel. Shutdown won't happen."

4:45: On Reddit, some soldiers are responding to the possible shutdown:


3:53: Senate Democrats say House Republicans have dropped one provision that was a major sticking point in budget negotiations: a rider preventing the EPA from regulating greenhouse gases or revoking certain mountaintop mines' permits for polluting water.

3:41: Rep. Mike Pence's office pushes back against earlier reports that he'd be willing to compromise on abortion-related rider.

3:34: Stocks fell as the deadline to avoid a shutdown grew nearer Friday afternoon. The Dow Jones Industrial Average dropped  76 points--0.6 percent--to 12335. Nasdaq fell 0.9 percent to 2772. The S&P 500 declined 0.8 percent to 1323. "Anytime you lose confidence in the government's ability to do what they're supposed to do, there's a little bit of a letdown there, so you're seeing the dollar down," Christian Hviid, chief market strategist at Genworth Financial Asset Management, told Dow Jones' Donna Kardos Yesalavich and Kristina Peterson.

2:54: National Review's Andrew Stiles reports Sen. Chuck Schumer says Democrats will offer another short-term spending measure that would last possibly just a couple days. It would cut spending by $2 billion a week but fully fund the military.


2:50: The American Federation of Government Employees has filed suit against the Obama administration for lost wages in case of a shutdown, The Hill's Kevin Bogardus reports. The union has 600,000 members who work for the federal and D.C. government. It charges the administration with violating the appropriations clause of the 13th Amendment by making people work for free during a shutdown.

1:56: Boehner again says it's spending cuts that are preventing lawmakers from compromising on a budget deal, and that "almost all" policy differences have been straightened out. Meanwhile major abortion foes are easing up on their insistence that the budget bill include a rider to defund Planned Parenthood. Rep. Chris Smith wouldn't say defunding the group was necessary to a budget deal, Politico's Richard E. Cohen and Jonathan Allen report, and Rep. Mike Pence indicated he was opening to passing the defunding at a later date.

1:20: GOP Sens. Pat Toomey and Tom Coburn are both urging House Republicans to drop the Planned Parenthood rider, but The National Review's Daniel Foster argues that it's smart for them "to draw the game of chicken out as long as they reasonably can. If the Democrats think they are willing to shut down the government over Planned Parenthood funding (as Mike Pence has said he is), then they are likely to at least offer concessions."

12:19: Senate Minority Leader Mitch McConnell, who has distanced himself from the budget fight, says, "there will be an agreement here shortly. ... I have been in many negotiation over the years... I assure  you these are not unresolvable issues… A resolution is actually within reach."

Reprinted with permission from Atlantic Wire. The original story can be found here.

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