Senate Deal To Avert Shutdown And Default

The Senate jumped to try a rescue when the House was unable to make it happen.

The compromise we reached will provide our economy with the stability it desperately needs,” Senate Majority Leader Harry Reid, D-Nev., said shortly after noon on the Senate floor.

Congress will now attempt to quickly advance the legislation throughout the day in hopes of avoiding default on the national debt.

Senate leaders jump-started negotiations over a compromise bill to reopen the government and raise the debt ceiling late Tuesday after House Republicans’ efforts to pass their own alternative crumbled in embarrassing fashion for GOP leaders.

 

By: Alan

Alan Colmes is the publisher of Liberaland.