(CNNMoney) - The budget focus on Capitol Hill is whether lawmakers will do the bare minimum and agree on a spending level for this fiscal year before funding runs out on January 15.
But soon enough, they will have to turn their attention to raising the debt ceiling.FULL STORY
(CNN) - After all the bickering and grandstanding, the billions lost and trust squandered, it was much ado about nothing
The partial government shutdown's finally over. The debt ceiling debacle has been averted. Obamacare remains virtually unscathed.FULL STORY
Washinton (CNN) - Senate leaders on Wednesday announced a deal to end the partial government shutdown and avoid a possible U.S. default, and House Speaker John Boehner urged fellow Republicans to support it while a key GOP conservative said he wouldn't try to block it in the Senate.
"We fought the good fight; we just didn't win," Boehner told a radio station in his home state of Ohio in reference to GOP efforts to dismantle or defund President Barack Obama's signature health care reforms and extract deficit reduction concessions around the need to fund the government and raise the federal borrowing limit.FULL STORY
Washington (CNN) – Sen. Kelly Ayotte said Wednesday she hopes her Republican colleague Sen. Ted Cruz doesn't try to hold up a Senate vote to end the government shutdown and raise the debt limit before Thursday's deadline to avoid default.
"It's up to him. I would hope he wouldn't," the New Hampshire Republican said on CNN's "New Day." "Senators can cause to you run out the clock, but what's he trying to gain at this point? I would hope that whatever comes forward, that we would allow a vote on it as soon as possible."
Washington (CNN) - The U.S. government taps out its credit cards at midnight, and there is no deal yet in Washington.
The wearyingly difficult process of trying to make a deal resumes Wednesday, as the government enters day 16 of the partial shutdown.FULL STORY
Washington (CNN) – Republican Rep. Steve King said he doubts any vote in the House to end the government shutdown and raise the debt limit will include legislation he can support, and reiterated his stance that Thursday's deadline to avoid default is nothing more than a date "picked on a calendar."
In an interview on CNN's "New Day" Wednesday, King said conservatives must continue to dig in and insist that any deal include long-term entitlement reform and a balanced budget amendment to the Constitution, two requests that are highly unlikely to make it into any agreement.
Washington (CNN) - As the House makes its next move in the ongoing fight to end the government shutdown and avoid a default, the House Democratic campaign arm will target Republicans in 60 districts on Wednesday, blaming them for a possible downgrading of the government's rating with a Wall Street bond-firm.