Congress stops default & ends shutdown

Cutting it close as usual, on the day before the government would run out of money, Congress agreed to raise the debt ceiling and end the 16-day partial government shutdown.  Basically, both sides dropped their demands and kicked the can down the road.  The government will be funded until January 15, and the debt limit will rise until February 7.  In the meantime, a commission will be appointed to try to resolve the controversies. [Read more...]

The government is shut down

Lawmakers were unable to come up with a compromise to keep the federal government open, so it’s shut down.  “Essential” government functions, such as those affecting national security, will continue.  (I know, I know. . . Why is the government doing things that aren’t essential?)  But lots more offices will shut their doors.  Most discussion has to do with the number of federal employees who won’t get paid.  But there are also the considerable number of private companies that the government owes money to who are going to get stiffed.  Since the federal government is the nation’s biggest employer and biggest spender, the economy is going to take a hit.  After the jump, a list of what stays open and what gets shut down.

What do you think will happen now?  How long will this last?  How can it be resolved without either side giving in?  Might the general public support a government shutdown this time?

[Read more...]

Shutdown countdown

The federal government runs out of money at the end of the day today and will shut down tomorrow unless the House of Representatives and Senate can strike a deal to keep the money flowing.  Republicans, who control the House, are saying they won’t pass such a resolution unless Obamacare is delayed for a year.  (They earlier wanted to strip funding from it entirely.  Now they are settling for a delay.)  Democrats are refusing to back down from their signature health care legislation (a major part of which goes into effect tomorrow).

So now we are on the brink.  Tomorrow the government may shut down AND the Obamacare insurance exchange sign-ups begin.

What do you think will happen?  Do you predict a last-second compromise?  If the shutdown takes place, what impact will that have?  What impact would that have on the Republican Party? [Read more...]

Defund Obamacare or shut down the government

Republicans in Congress say they will agree to stop the impending shutdown of the federal government only if Democrats agree to defund Obamacare.  Does this strike you as a disastrous strategy? [Read more...]


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