According to the Wall Street Journal on Wednesday, Senate leaders in both parties are putting the finishing touches on an agreement to temporarily raise the nation’s debt ceiling and fully reopen the government, as lawmakers race to resolve their budget stalemate and calm anxious financial markets. The expected Senate deal would avoid a potential U.S. debt default, but it would only set new deadlines for lawmakers to make decisions about the long-term course of fiscal policy.
The deal would fund federal agencies through Jan. 15 and extend the nation's borrowing authority through Feb. 7. The agreement includes no major alterations to the 2010 health-care law, known as Obamacare. But the deal will include one minor change sought by Republicans, setting new procedures to verify the incomes of some people receiving government subsidies for health-insurance costs.
The deal would fund federal agencies through Jan. 15 and extend the nation's borrowing authority through Feb. 7. The agreement includes no major alterations to the 2010 health-care law, known as Obamacare. But the deal will include one minor change sought by Republicans, setting new procedures to verify the incomes of some people receiving government subsidies for health-insurance costs.
