House Republicans will opt not to push a short-term extension of the debt-ceiling, and instead will move quickly to bring two bills to the floor that they hope will be approved, merged, and sent to the Senate in short order, according to senior GOP aides.
The first piece of legislation would ensure that paychecks for essential government employees who have been working through the shutdown are delivered on time ““ a sensitive subject, considering the pay period for those employees commences at week’s end.
The second measure would establish a negotiating team for the debt-ceiling and other fiscal debates. The group would be bipartisan and comprised of members of both chambers, and would immediately begin talks on a range of fiscal issues.
These two pieces of legislation, if approved, would merge and then be sent to the Senate.
Republican leadership thinks that Senate Democrats, who have emphasized easing the shutdown-related pain on government employees, would be hard-pressed not to approve a bill that ensures timely paychecks for those employees ““ even if it means agreeing to comprehensive negotiations less than 10 days removed from the Treasury Department’s Oct. 17 deadline for raising the debt-ceiling.
A proposal was floated to House Republicans late Monday night that would have extended the debt-limit for roughly one month in exchange for commensurate spending cuts and language that would instruct the Treasury Department to prioritize its payments if the Oct. 17 deadline is not met. Republican aides insist that a short-term debt-limit extension could still happen — but only after they get Democrats to sit down at the negotiating table.
“I’m not going to raise the debt ceiling without talking about the deficit,” Rep. Tom Cole, R-Okla., said after Tuesday morning’s GOP conference meeting,
What We're Following See More »
The great restroom war of 2016 continues apace, as eleven states have sued the Obama administration in federal court, claiming its federal guidance on how schools should accommodate transgender students "has no basis in law." "The lawsuit was filed in the U.S. District Court for the Northern District of Texas on behalf of Alabama, Arizona, Georgia, Louisiana, Maine, Oklahoma, Tennessee, Texas, Utah, West Virginia and Wisconsin. The lawsuit argues that the federal government has worked to turn workplaces and schools 'into laboratories for a massive social experiment.'"
By a 29-10 vote, the House Natural Resources Committee today passed the bill to allow Puerto Rico to restructure its $70 billion in debt. The legislation "would establish an oversight board to help the commonwealth restructure its un-payable debt and craft an economic recovery plan."
"Though every major party nominee since 1976 has released his tax returns while running for president, the practice has never been required by law. Sen. Ron Wyden (D-OR) wants to change that. The senior Democrat on the Senate Finance Committee, which handles tax issues, introduced a bill on Wednesday that would force presidential candidates to release their most recent tax returns. The Presidential Tax Transparency Act, as the bill is called, would require candidates to make their latest three years of tax returns public no later than 15 days after becoming the nominee."