Tuesday, October 15, 2013

Republican Alternative

John Boehner tries to move a bill to reopen government and doesn't have enough votes to pass. The treasury needs the budget compromise to pass by Oct. 17 to meet all of the financial obligations. U.S. treasury bonds have been put on watch for potential downgrade if nation's 16.7 trillion debt ceiling is not raised. The house is trying for a package that suspends the debt until February 7th to eliminate subsidy that will help Congress, their staff, and White House employes buy insurance in the new healthcare system.

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