October 14th, 2013
01:50 PM ET
1 year ago

Shutdown lowdown Day 14: The latest

(CNN) – While a Senate deal may be in the works, a key White House meeting is on hold. Still, government workers have received a reduced paycheck that reflects the furloughs, unemployment claims have skyrocketed, government-affiliated businesses are scrambling to stay afloat, states are dipping into their rainy-day funds. Oh, and markets are extremely nervous as the debt limit deadline is just three days away. Now, it’s getting serious.

Meanwhile in Washington, Republicans and Democrats have still not reached a final agreement.

Reid urges patience, remains optimistic over deal prospects

But top Senate leaders say they are optimistic.

Here’s what you need to know:

Up to speed

Senate Majority Leader Harry Reid and his counterpart, Senate Republican Leader Mitch McConnell appear closer to a deal. After a morning of negotiations, both Senate leaders expressed optimism that a deal is in the works. Reid called negotiations with McConnell “constructive,” adding that he’s “optimistic that we will reach an agreement.” McConnell said he “echo[s]” Reid’s remarks.

But until the hands shake, the clock keeps ticking.

Because momentum has increased, a meeting between President Obama and top House and Senate leaders was supposed to take place at the White House this afternoon has been postponed “to allow leaders in the Senate time to continue making important progress towards a solution.

While visiting a local charity in Washington, DC, Obama said “there's some progress on the Senate side."

Reid, President Barack Obama and House Democratic Leader Nancy Pelosi continue to demand that any proposal reopen the government and lift the debt ceiling with no strings attached.

Meanwhile, Maine Republican Susan Collins, continues to work with a bipartisan group of Senators on a plan. The framework of her proposal would lift the debt ceiling until 2014, fund the government until March and postpone a tax on medical devices.

Sen. Joe Manchin, D-West Virginia, who is part of the Collins group, sounded an optimistic tone Monday morning saying “we’re 70%, 80% there.” He said they have a template and leadership needs to finalize the details, including how much Congress is going to allocate to fund the government.

Wondering about what happened to President Obama and House Speaker John Boehner, who appeared to be close to a deal last week? Those talks fell apart Saturday morning when the President rejected Boehner’s plan to lift the debt limit for only six weeks.

Washington could learn from baseball strike

National outlook

After a loss in U.S. stock futures Monday morning, Wall Street is feeling the optimism expressed in Washington on prospects of a deal.

The Dow Jones industrial average, S&P 500, and Nasdaq were all higher in afternoon trading.

U.S. Treasury markets are closed Monday because of Columbus Day.

Global outlook

Asian markets, which hold a high percentage of U.S. debt, are closed Monday. Again, Monday is a critical day for those markets as well.

European markets were mostly weaker in morning trading.

The top financial officials from around the world gathered in Washington over the weekend. And they were nervous about the U.S. inaction.

Christine Lagarde, head of the International Monetary Fund, said Saturday the consequences of a failure to raise the debt limit would be dire for economies around the world.

"You know, I've just spent the last two days with representatives of about 188 countries around the world. I wouldn't say they are confident. I would say they are concerned, and they are very anxious to see this crisis resolved, because they know it's going to impact on their economy," Lagarde told CNN’s Richard Quest at an Institute of International Finance conference in Washington.

Personal outlook

CNN’s Alison Kosik said that if the U.S. defaults on its debt, "A default interest rates for credit cards and student loans would spike as well and payments from the government would go up”

Number of the day

3 – At day 14, this is the third longest government shutdown in American history, according to a Democratic assessment.

Anger mounts

Protestors gathered Sunday at the World War II Memorial to protest its closure caused by the shutdown. Texas Senator Ted Cruz, whose demands to defund the president’s health care law was largely responsible for the shutdown, spoke at the event as did former Alaska Governor Sarah Palin. Cruz said the closure of the memorial was a political ploy.

The rally, billed as the "Million Vet March on the Memorials," drew far fewer than a million people and evolved into a protest that resembled familiar tea party events from 2009, with yellow "Don't Tread On Me" flags throughout the crowd and strong anti-Obama language from the podium and the audience. And one speaker said the President should “put the Quran down,” implying that Obama is Muslim.

States step up

The state of New York dug into its own coffers to reopen the Statue of Liberty. New York state will pay $61,600 a day over the next several days from its tourism budget. Cuomo determined that the financial commitment was well worth it because of the economic gain to New York the 10,000 daily tourists bring to the state and local businesses.

People visit Utah to ski and visit its national parks. Their closure was too much for the state, so the state government is stepping in and filling the federal government’s void. Utah has reopened eight national parks. It will pay the National Park Service up to $166,572 per day to do so.

Citizens step up

A local charity in Calvert County, Maryland, a suburb of Washington, DC is feeding the furloughed. Thirty percent of the county’s residents are government employees and the local group End Hunger in Calvert County is distributing food to furloughed workers at a local food bank.

Five good examples of citizens, philanthropies filling void of shutdown


Filed under: Congress • Debt • Government Shutdown
soundoff (54 Responses)
  1. Dutch/Bad Newz, VA -aka- Take Back The House -aka- No Redemption Votes

    Republicans KNOW this is hurting working Americans but they'll keep the government shutdown until their demands are met. ATTENTION GOTP!!! In case you didn't see Captain Phillips over the weekend, you should see how Americans deal with hostage takers.

    October 14, 2013 10:57 am at 10:57 am |
  2. tom l.

    My favorite liberal talking points:

    "Everyone wants affordable healthcare" – as if the ACA is providing "affordable" healthcare
    "The ACA was a compromise; we wanted single payer" – As if a bill with ZERO votes from the other side is a compromise
    "This is the same plan from the Heritage Foundation" – So, now you're touting something that comes from an organization you despise. So why would you be for something from that organization? Imagine if a Repub had presented it then you would be against it.
    "This is the same as Romneycare" – As if a state's plan is anywhere near the same as a plan for the whole country
    "If you like your doctor and your plan, you can keep it" – Awesome. Just got the new healthcare options from my employer, the largest media company in the world. Guess what? It has changed dramatically.

    October 14, 2013 11:00 am at 11:00 am |
  3. Gurgyl

    GOP is gone to dogs...

    October 14, 2013 11:03 am at 11:03 am |
  4. sonny chapman

    Republicans HATE Govt. Ronald Reagen said, "Govt. isn't the Answer, Govt. is the Problem". "Rush Limbaugh said " I WANT Obama to fail". This was a green light to actively resist ANYTHING that resisted Govt. They'd rather the Free Market System run unchecked. The Law of the Jungle, Survival of the Fittest. Every Man for Himself(and his family & fellow tribesmen). Not exactly the Message of Jesus as found in the Four Gospels.

    October 14, 2013 11:06 am at 11:06 am |
  5. Gunderson

    Good News,
    Old Gunderson have Productive talk with Bookie. Bookie say bet third Horse third Race. Sure Bet. Gunderson put money on third horse third race. Horse came in third. But Old Gunderson have productive meeting with bookie. Now bookie say Bet Obama Care, save money. Okey Dokey.

    October 14, 2013 11:15 am at 11:15 am |
  6. JohnRJohnson

    Upset that the fiscal stalemate in Washington is threatening the global economy, China calls for the U.S. dollar to be replaced as the international reserve currency. If this were to happen, the United States would cease to be a super-power within 5 years.

    October 14, 2013 11:15 am at 11:15 am |
  7. scott

    wake up America.... these people care nothing about America.... they don't care about you or me or our families our men and women fighting for our freedom.... open your eyes.... you voted for change and you got it... so stop your complaining and get ready to be real unhappy.... your Obama has brought this country to its knees along with everyone in our government.... they all are to blame....

    October 14, 2013 11:18 am at 11:18 am |
  8. Quentell

    Why raise the debt ceiling for just 6 more months? If they make any moves, why they shut the government down anyways?
    The shutdown don't make sense. I think by putting fear in the heart of innocent people was just to give people something to look towards the future. People will do anything for fun. Where is the spirit?

    October 14, 2013 11:19 am at 11:19 am |
  9. tommy

    Call it what you will, but I never felt the need to own a weapon until Obama's re-election. Notice I said his re-election.

    October 14, 2013 11:20 am at 11:20 am |
  10. Thaddeus Kozubal

    Local and state governments across the country are setting a bad precident by paying to run federal national parks. Soon, the Congress will want to push this cost off on them permanently. Will that fly? Protection of these national treasures should not be put in the hands of the states because they will revert back to the local industries that look at the parks as a treasure trove of unused resources. They'll want to strip the forests, mine the mountains, drill the grasslands out of existence with no thought of preservation. This is why the national parks were established in the first place - greed by the rich who just want to strip them bare.

    October 14, 2013 11:20 am at 11:20 am |
  11. donald jackson

    who cares about washington dc?

    October 14, 2013 11:20 am at 11:20 am |
  12. Cephus

    Two weeks not over yet? We'll I won't whine much for almost 2 decades No government in Somalia.

    October 14, 2013 11:21 am at 11:21 am |
  13. jambee

    Ummm. No mention of the Demos wanted to alter the sequester "law". Boy you guys get more one sided every day.

    October 14, 2013 11:27 am at 11:27 am |
  14. Malory Archer

    Why are none of the "librul" news organizations talking about how the rethugs in the house left town on Friday evening, and every single rethug in the senate voted on Saturday to fillibuster what the house sent them, and instead want to focus on the lies that "both sides are at fault" and "the rethugs want to negotiate"?

    October 14, 2013 11:29 am at 11:29 am |
  15. Lynda/Minnesota

    Umm. CNN. Drop the Republican talking points. By the end of last week we heard nothing but Paul Ryan the "savior". Today? We'll spend our CNN day hearing about Palin and Cruz and Paul. Tomorrow? Back to Paul Ryan.

    The Republican party has made a mockery of politics. The Republican party has made a mockery of America. There is a divide within the Republican party I've never witnessed before in my lifetime. So, no. This is NOT a bothsideism talking point. It never was. What it IS is a major political party steeped in in-fighting ideology. To try and cover up the real story is not only disingenuous, but is shoddy journalism at its worst.

    October 14, 2013 11:32 am at 11:32 am |
  16. John

    Only these stupid Republicans could start something like this and then complain about the services the government provides. You would think that once you get hit over the head with a 2 x 4and it hurts you learn a lesson, instead the GOP says "Thank You sir, could I have another"...

    October 14, 2013 11:32 am at 11:32 am |
  17. corpsman

    The right wing A I N Os (Americans in Name Only) are willing to sell our great nation down the river for their twisted, unconstitutional ideology. No surprise here, I guess.

    October 14, 2013 11:32 am at 11:32 am |
  18. 1montanagal

    Republicans: Opening the government is not a concession! Avoiding the debt ceiling crisis is not a concession! Giving up on ACA is a concession; discussing sequestration levels could be a concession! Now that Boehner and his Tea Party teenagers have caused total rebellious chaos in the House, let's pray the Senate can come to a resolution of the standoff.

    October 14, 2013 11:34 am at 11:34 am |
  19. Carl

    Why are we in such a bad place with government? Because of Obama's lack of statesmanship and leadership, pure and simple.

    October 14, 2013 11:36 am at 11:36 am |
  20. John

    Republicans pissed off minorities and women, now they are pissing off wall street. They try to be the big tent party but what inside the tent; nothing but a circus.

    October 14, 2013 11:38 am at 11:38 am |
  21. Thomas

    @tom l.
    My favorite liberal talking points:

    "Everyone wants affordable healthcare" – as if the ACA is providing "affordable" healthcare
    "The ACA was a compromise; we wanted single payer" – As if a bill with ZERO votes from the other side is a compromise
    "This is the same plan from the Heritage Foundation" – So, now you're touting something that comes from an organization you despise. So why would you be for something from that organization? Imagine if a Repub had presented it then you would be against it.
    "This is the same as Romneycare" – As if a state's plan is anywhere near the same as a plan for the whole country
    "If you like your doctor and your plan, you can keep it" – Awesome. Just got the new healthcare options from my employer, the largest media company in the world. Guess what? It has changed dramatically.

    ==========

    Imagine if a Repub had presented it then you would be against it.?

    Then I might be voting Republican ,

    Your facts are wrong the Heritage Foundation " Jim DeMint " has been one of the biggest supporters of the Tea Party , an obstructionist who lobbying has done more harm then good .

    October 14, 2013 11:42 am at 11:42 am |
  22. rs

    My favorite liberal talking points:

    "Everyone wants affordable healthcare" – as if the ACA is providing "affordable" healthcare
    "The ACA was a compromise; we wanted single payer" – As if a bill with ZERO votes from the other side is a compromise
    "This is the same plan from the Heritage Foundation" – So, now you're touting something that comes from an organization you despise. So why would you be for something from that organization? Imagine if a Repub had presented it then you would be against it.
    "This is the same as Romneycare" – As if a state's plan is anywhere near the same as a plan for the whole country
    "If you like your doctor and your plan, you can keep it" – Awesome. Just got the new healthcare options from my employer, the largest media company in the world. Guess what? It has changed dramatically.
    _________________________
    You missed the memo- while we still might not know the Republican motivation for the shutdown, impacting the ACA appears to be off the table (well, except perhaps the tax cut the GOP wants for medical decive manufacturers). So, we still need to hear from the hostage takers what exactly they want... To me it seems supremely silly to let the hostage takers demand economic policy concessions given their primary role in running up the debt and defict and the crash of 'o8. But, I guess they can always ask...

    October 14, 2013 11:44 am at 11:44 am |
  23. Anthony

    Tom I, the ACA provides millions of people who previously could not get health insurance a chance to get insurance. When Republicans rejected a plan that was created by their Heritage Foundation and touted by Romney in 2009 as a model for the nation, it is hard to compromise. Obamacare is Romneycare on a national scale. Both Romneycare and Obamacare require people to get insurance from insurance companies or pay a fine.

    If Republicans shop around, they may get a better deal than from their own employers. Obamacare does not give you employer insurance. It allows you to shop for a better one in the market, through the exchanges. Employers get discounts for insurance plans because they represent their employees. Medicare gets discounts because it represents seniors. Obamacare puts millions of people into the insurance pool. As a result, insurance companies can offer lower premiums to a larger group of customers. If your employer continues to offer expensive plans, shop for a better one. I remember that Republicans used to tout their plan to allow people to shop for insurance plans across state lines. Well, you don't need to leave your state. You just have to find one in the market, through the exchanges.

    October 14, 2013 11:44 am at 11:44 am |
  24. Malory Archer

    Why are we in such a bad place with government? Because the reichwing can't get over the fact that they lost – and to one of "those people" no less, pure and simple.

    October 14, 2013 11:44 am at 11:44 am |
  25. Martin Ski

    I am amazed at the sheer ignorance of people who blame President Obama for not compromising. The debts that we have in this country are for bills from laws that the US Congress has agreed to pay during previous sessions. Now they want to renege on their responsibilities and blame the President for not going along with it. Unbelievable!

    October 14, 2013 11:45 am at 11:45 am |
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