Talks continue in Washington to resolve budget impasse - Local news, weather, sports Savannah | WSAV On Your Side

Talks continue in Washington to resolve budget impasse

Posted: Updated:
WASHINGTON -

After weeks of ultimatums, President Barack Obama and congressional Republicans are exploring whether they can end a budget standoff that has triggered a partial government shutdown and edged Washington to the verge of a historic, economy-jarring federal default.
    
The two sides planned to continue discussions Friday, a day after Obama and top administration officials met for 90 minutes with House Speaker John Boehner and other House GOP leaders at the White House. No agreement was reported and plenty of hurdles remained, but both sides cast their meeting positively as, for the first time, hopes emerged that a resolution might be attainable, even if only a temporary one.
    
Obama planned a late-morning White House meeting with GOP senators, who said they would present options of their own for ending the shutdown and debt limit standoff. Determined to resolve the twin crises, the Republicans have reached out to senior Democrats, including New York Sen. Chuck Schumer.
    
"Let's put this hysterical talk of default behind us and instead start talking about finding solutions to the problems," Senate Minority Leader Mitch McConnell, R-Ky., said at the start of the Senate session Friday, shortly before the White House meeting.
    
Majority Leader Harry Reid, D-Nev., rejected the notion of a six-week increase in the nation's borrowing authority, pressing not only for a longer, 15-month measure but a reopening of the government.
    
A White House statement about Thursday's meeting with House Republicans said "no specific determination was made" but added, "The president looks forward to making continued progress with members on both sides of the aisle."
    
House Majority Leader Eric Cantor, R-Va., said that the meeting was "clarifying for both sides" and that following a night of negotiations, "hopefully we can see a way forward."
    
The talks were held shortly before a Wall Street Journal/NBC News poll was released bearing ominous news for the GOP. It showed more people blaming Republicans than Obama for the shutdown, 53 percent to 31 percent. Just 24 percent viewed the GOP positively, compared with 39 percent with positive views of the Democratic Party.
    
Boehner, R-Ohio, brought a proposal to the White House meeting to extend federal borrowing authority through Nov. 22, conditioned on Obama's agreeing to negotiate over spending cuts and the government shutdown. But participants said the discussion expanded to ways to quickly end the shutdown, which entered its 11th day Friday.
    
"It's clear he'd like to have the shutdown stopped," House Appropriations Committee Chairman Hal Rogers, R-Ky., said of Obama. "And we're trying to find out what he would insist upon" to reopen the government "and what we would insist upon."
    
One major problem for Boehner's plan was highlighted by Senate Majority Leader Harry Reid, D-Nev. After he and fellow Senate Democrats had their own White House meeting with Obama, Reid said negotiations before the government reopens - a key part of Boehner's proposal - were "not going to happen."
    
Boehner's offer represented give on the part of Republicans, who had been insisting on cuts to Obama's 2010 health care law and other programs as the price for reopening government and extending the debt limit. But they claimed victory on one front, noting that they were in negotiations with a president who had said repeatedly there would be none until the government was open and default prevented.
    
The speaker's plan - and positive though unenthusiastic words about it from White House spokesman Jay Carney - seemed to spark a good day in the financial world. The Dow Jones industrial average jumped 323 points, or 2.2 percent. European Central Bank head Mario Draghi said that while a U.S. default would inflict "severe damage" on the global economy, the world believes Washington will "find a way out of this."
    
The shutdown has idled 350,000 civil servants, prevented the Social Security Administration from revealing next year's cost-of-living increase for recipients and curtailed many consumer safety inspections.
    
The Obama administration has warned that the government will exhaust its borrowing authority on Oct. 17 and risk being unable to pay its bills and facing default.
    
"It would be a grave mistake" to ignore the risks to the U.S. and world economy that a default would raise, Treasury Secretary Jacob Lew warned the Senate Finance Committee on Thursday.
    
House Republicans' insistence on spending cuts and deficit reduction come with the 2013 budget shortfall expected to drop below $700 billion after four years exceeding $1 trillion annually.
    
But their insistence on cuts in the health care law as the price for reopening government has frustrated many Senate Republicans, who see that battle as unwinnable.
    
That has prompted Senate Minority Leader Mitch McConnell, R-Ky., and other GOP senators to seek their own possible resolution to the shutdown and debt limit fights.
    
"For the first time there seems to be some movement," Sen. John McCain, R-Ariz., said after a meeting with McConnell, R-Ky., and a half dozen Senate Republicans.
    
Sen. Susan Collins, R-Maine, and others have proposed a six-month extension of government spending, repeal of the medical device tax and greater flexibility for agencies to deal with across-the-board spending cuts in effect this year.
    
McCain said the goal was ending the shutdown and raising the debt limit, but said, "We will not defund Obamacare," a crucial demand for conservatives.
    
Reid has proposed extending the debt limit through 2014, which would boost the current $16.7 trillion debt limit by around $1 trillion. He has been planning for a test vote by Saturday on the measure, which has no other conditions, but Republicans may have enough votes to block it unless he agrees to changes.
 

  • U.S.More>>

  • Friend convicted of impeding Boston Marathon probe

    Friend convicted of impeding Boston Marathon probe

    Monday, July 21 2014 5:40 PM EDT2014-07-21 21:40:28 GMT
    Jurors in the trial of a friend of Boston Marathon bombing suspect Dzhokhar Tsarnaev (joh-HAHR' tsahr-NEYE'-ehv) have resumed deliberations in his obstruction of justice trial.
    A college friend was convicted Monday of trying to protect Boston Marathon bombing suspect Dzhokhar Tsarnaev by agreeing with another friend to get rid of a backpack and disabled fireworks they took from his dorm room...
  • Obama calls for immediate access to crash site

    Obama calls for immediate access to crash site

    Monday, July 21 2014 12:00 PM EDT2014-07-21 16:00:27 GMT
    President Barack Obama is calling for international investigators to have "immediate and full access" to the site in eastern Ukraine, where a passenger jet was shot down last week.
    President Barack Obama is calling for international investigators to have "immediate and full access" to the site in eastern Ukraine, where a passenger jet was shot down last week.
  • Body of missing 11-year-old drowning victim found

    Body of missing 11-year-old drowning victim found

    Monday, July 21 2014 9:27 AM EDT2014-07-21 13:27:51 GMT
    MYRTLE BEACH, SC (WMBF) – Saturday night the Coast Guard was called in to help locate an 11 year old boy who went missing in the ocean.  The 11 year old boy reportedly went missing in the ocean near 2001
     The body of an 11-year-old drowning victim who went missing in the ocean Saturday was located Monday morning.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Sheriff's Office showcases "Faces of Meth" program as a lesson to all

    Sheriff's Office showcases "Faces of Meth" program as a lesson to all

    Monday, July 21 2014 11:33 AM EDT2014-07-21 15:33:26 GMT
    Faces of Meth™ is a project of the Multnomah County Sheriff's Office in Oregon. This project began when a deputy in the Corrections Division Classification Unit, Deputy Bret King, put together mug shots of persons booked into the Multnomah County Detention Center. Deputy King worked with his co-workers in the Classification Unit to identify people who had been in custody more than once. He then worked to verify criminal records and files to determine and assure a history of methamphetamine re...
    Faces of Meth™ is a project of the Multnomah County Sheriff's Office in Oregon. This project began when a deputy in the Corrections Division Classification Unit, Deputy Bret King, put together mug shots of persons booked into the Multnomah County Detention Center. Deputy King worked with his co-workers in the Classification Unit to identify people who had been in custody more than once. He then worked to verify criminal records and files to determine and assure a history of methamphetamine re...
  • Snakes Of SC, NC And GA

    Snakes Of SC, NC And GA

    Thursday, July 10 2014 2:35 PM EDT2014-07-10 18:35:00 GMT
    All photos by J.D. Willson unless otherwise noted. Details from the University of Georgia.
    All photos by J.D. Willson unless otherwise noted. Details from the University of Georgia.
  • Local Flooding and Weather Damage

    Local Flooding and Weather Damage

    Friday, July 11 2014 2:44 PM EDT2014-07-11 18:44:14 GMT
    These are pictures and videos of local flooding and weather damage from around the Coastal Empire and Lowcountry.
    These are pictures and videos of local flooding and weather damage from around the Coastal Empire and Lowcountry.
  • Trending StoriesTrending StoriesMore>>

  • Parts of Durham once again flood as business owner looks for relief

    Parts of Durham once again flood as business owner looks for relief

    Monday, July 21 2014 10:20 PM EDT2014-07-22 02:20:30 GMT
    Several inches of rain created flooding in parts of Durham on Monday.
    Several inches of rain created flooding in parts of Durham on Monday.
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
  • Take Me To The King: A Book By Joel Wiggins

    Take Me To The King: A Book By Joel Wiggins

    Monday, July 21 2014 1:10 PM EDT2014-07-21 17:10:46 GMT
    Valonda Calloway and Joel WigginsValonda Calloway and Joel Wiggins
    Prepare to have the very core of what you’ve believed to be your foundational truths challenged. Get comfortable being uncomfortable in your thinking about traditional religion. And be okay with self-examination on a whole new level. Unlike the award-winning gospel smash, this Take Me To The King is NOT for entertainment purposes only and is definitely intended for spiritually mature audiences. Journey with author and successful entrepreneur, Joel Wiggins, as he explores the current state of ...
    Prepare to have the very core of what you’ve believed to be your foundational truths challenged. Get comfortable being uncomfortable in your thinking about traditional religion. And be okay with self-examination on a whole new level. Unlike the award-winning gospel smash, this Take Me To The King is NOT for entertainment purposes only and is definitely intended for spiritually mature audiences. Journey with author and successful entrepreneur, Joel Wiggins, as he explores the current state of ...
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.