Democratic and Republican senators do not agree on much, but they do share a belief that the shutdown stalemate will spill over into the debt-ceiling debate, with the likelihood that the government will stay shuttered until the Treasury Department reaches its borrowing limit in mid-October.
“I think having them together is a good thing, because who wants to go through it again?” said Sen. Chuck Schumer, D-N.Y. “With debt ceiling it’s triply, it’s 20 times as dangerous — as bad as shutting the government down is.”
Senate Republicans say the issues have become fused and realize that they could have more leverage in the debate over federal spending as the government gets closer to reaching the debt ceiling, now projected to be on Oct. 17.
“I think almost everyone acknowledges that the two issues for all intents and purposes have become merged,” said Sen. Roger Wicker, R-Miss. “Why would anyone make a deal on one aspect and then get right back down to the brink?”
As to how the parties resolve the stalemate, lawmakers have been discussing a so-called grand bargain, but there’s little hope that the White House and Congress could reach common ground on such a deal, having failed at it before.
“It gets now into debt limit,” said Sen. John McCain, R-Ariz. “So it almost argues for a grand bargain, but that approach has failed so many times that one can’t have a lot of optimism about it. So we’re in a very tough situation. No doubt about it.”
Senate Majority Leader Harry Reid, D-Nev., does not publicly see things as so complicated, holding firm that before he’ll negotiate on anything in a conference, House Republicans must pass the Senate’s continuing resolution with no strings attached.
“Let the House stop those irresponsible, reckless games and just reopen the government,” Reid said.
Senate Democrats have also begun arguing that a “clean” bill to raise the debt ceiling should be considered along with a clean CR. Previously they have said they would deal with the debt ceiling once it got closer.
Asked whether Democrats want the House to pass a CR and a clean debt-limit increase together, Senate Budget Committee Chairwoman Patty Murray, D-Wash., said it was critical for Republicans to “open up the government.” But she agreed that the two issues would coincide.
“The timing is here,” Murray said. “Debt limit is 10 days, eight days away, whatever it is.”
Democrats are hoping that by taking a stand on the shutdown, they’re sending a clear signal to Republicans to back down over the debt limit.
“The hope is maybe once the tea party has realized it’s not getting its way on shutting down the government that they won’t try the same stunt on the debt ceiling,” Schumer said.
But Republicans want the president and Democrats to negotiate now. The path to opening government and raising the debt limit, the thinking goes, is for each side to have something at stake. That’s not the dynamic now, they say.
“But I don’t think you get a grand bargain or anything that resembles it unless you got a president at the table, you got bicameral leadership at the table, and everybody’s gonna walk away with something that they wanted and something that they didn’t want,” said Sen. Richard Burr, R-N.C.
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Foreign Policy takes a look at the future of mining the estimated "100,000 near-Earth objects—including asteroids and comets—in the neighborhood of our planet. Some of these NEOs, as they’re called, are small. Others are substantial and potentially packed full of water and various important minerals, such as nickel, cobalt, and iron. One day, advocates believe, those objects will be tapped by variations on the equipment used in the coal mines of Kentucky or in the diamond mines of Africa. And for immense gain: According to industry experts, the contents of a single asteroid could be worth trillions of dollars." But the technology to get us there is only the first step. Experts say "a multinational body might emerge" to manage rights to NEOs, as well as a body of law, including an international court.
Not to be outdone by Jeffrey Goldberg's recent piece in The Atlantic about President Obama's foreign policy, the New York Times Magazine checks in with a longread on the president's economic legacy. In it, Obama is cognizant that the economic reality--73 straight months of growth--isn't matched by public perceptions. Some of that, he says, is due to a constant drumbeat from the right that "that denies any progress." But he also accepts some blame himself. “I mean, the truth of the matter is that if we had been able to more effectively communicate all the steps we had taken to the swing voter,” he said, “then we might have maintained a majority in the House or the Senate.”
Ronald Reagan's children and political allies took to the media and Twitter this week to chide funnyman Will Ferrell for his plans to play a dementia-addled Reagan in his second term in a new comedy entitled Reagan. In an open letter, Reagan's daughter Patti Davis tells Ferrell, who's also a producer on the movie, “Perhaps for your comedy you would like to visit some dementia facilities. I have—I didn’t find anything comedic there, and my hope would be that if you’re a decent human being, you wouldn’t either.” Michael Reagan, the president's son, tweeted, "What an Outrag....Alzheimers is not joke...It kills..You should be ashamed all of you." And former Rep. Joe Walsh called it an example of "Hollywood taking a shot at conservatives again."
In a sign that she’s ready to put a longer-than-expected primary battle behind her, former Secretary of State Hillary Clinton (D) is no longer going on the air in upcoming primary states. “Team Clinton hasn’t spent a single cent in … California, Indiana, Kentucky, Oregon and West Virginia, while” Sen. Bernie Sanders’ (I-VT) “campaign has spent a little more than $1 million in those same states.” Meanwhile, Sen. Jeff Merkley (D-OR), Sanders’ "lone backer in the Senate, said the candidate should end his presidential campaign if he’s losing to Hillary Clinton after the primary season concludes in June, breaking sharply with the candidate who is vowing to take his insurgent bid to the party convention in Philadelphia.”
The team behind the bestselling "Clinton Cash"—author Peter Schweizer and Breitbart's Stephen Bannon—is turning the book into a movie that will have its U.S. premiere just before the Democratic National Convention this summer. The film will get its global debut "next month in Cannes, France, during the Cannes Film Festival. (The movie is not a part of the festival, but will be shown at a screening arranged for distributors)." Bloomberg has a trailer up, pointing out that it's "less Ken Burns than Jerry Bruckheimer, featuring blood-drenched money, radical madrassas, and ominous footage of the Clintons."