(CNN) – A dramatic day began in the Senate and ended there following a series of excruciating twists and turns in the House.
Speaker John Boehner failed to round up enough support to pass a leadership plan to end the shutdown and avert a possible debt default, so it was never put to a vote.
Emboldened conservatives want more substance, and Boehner instead kicked it all to the Senate, which had suspended its own talks on a compromise to first see if anything would pass the House.
President Barack Obama said Boehner can’t control his caucus while the President had House Democrats over to the White House where Minority Leader Nancy Pelosi said her conference was buttoned up tight in opposition to the Republican plan.
As night fell and the House initiative fell apart, Harry Reid and Mitch McConnell resumed talks on their effort that supporters hope will garner enough bipartisan backing to ultimately pass and pressure reciprocal action in the House – with Democrats and a strong enough helping of Republicans going along.
But things must happen quickly and there’s new and serious pressure bearing down on the Capitol. The Obama administration says it runs out of borrowing authority on Thursday and Wall Street is now pretty spooked. Stocks snapped a win streak and a major bond rating house, Fitch, is talking downgrade of the gold-plated U.S. credit rating unless Congress acts immediately.
Here’s what you need to know:
(CNN) - House Republicans will offer their own plan on Tuesday to temporarily reopen the government and raise the federal debt ceiling while also making changes to Obamacare, GOP sources told CNN's Dana Bash and Deirdre Walsh.
(CNNMoney) - Social Security recipients. Doctors who treat Medicare patients. Military pensioners. Companies with federal contracts. Government workers. Bond investors.
If Congress fails to raise the debt ceiling in time, anyone owed money by the federal government could eventually be left in the lurch.
(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.
Washington (CNN) – Speaking at a local food pantry, President Barack Obama on Monday acknowledged the Senate has made "some progress" in a deal to reopen the government and raise the nation's debt ceiling.
But he was not entirely confident the deal would be reached before Thursday's deadline, when the Treasury Department says it will no longer be able to pay all of the government's bills.
(CNN) - President Barack Obama will meet on Monday at 3 p.m ET with congressional leaders, the White House announced as the partial government shutdown reaches the two-week mark and a U.S. default looms as soon as Thursday.
Manchin: Framework for a deal is under discussion
Washington (CNN) - The Republican National Committee is concentrating its government shutdown firepower against two of the top Democrats in Congress and three Senate Democrats who may face tough re-elections next year.
The RNC said Monday it's launching robocalls in the home states and districts of Senate Majority Leader Harry Reid of Nevada and Rep. Debbie Wasserman Schultz of Florida, chair of the rival Democratic National Committee, as well as Sens. Mark Begich of Alaska, Mary Landrieu of Louisiana and Kay Hagan of North Carolina.
Washington (CNN) – Sen. John McCain said Sunday that Democrats need to be careful in their talks with Republicans over the government shutdown and debt ceiling - because if they take advantage of the GOP, it may come back to bite them.
"The Democrats, they better understand something: What goes around, comes around. And if they try to humiliate Republicans, things change in American politics - and I know what it's like to be in the majority and in the minority - and it won't be forgotten. Now is the time to be magnanimous and sit down and get this thing done," McCain said on CBS’s “Face The Nation.”
Updated 2:32 p.m. ET, 10/13/2013
Washington (CNN) – President Barack Obama should not be using scare tactics as the government approaches a deadline to raise the federal debt ceiling, Sen. Rand Paul argued Sunday.
The Kentucky Republican said if Democrats end up insisting on increasing spending limits as part of a deal to raise the debt ceiling and end the government shutdown, then it will be considered a “nonstarter” by Senate Republicans.