Mike Kelly

Debt Ceiling Debate
3:16 pm
Mon October 14, 2013

Three Days Before Default: Things Get Messy

Congress is working through Columbus Day in hope of reaching a deal on the debt ceiling before the Treasury runs out of money on Thursday.

Over the weekend, Senate Democrats dismissed a compromise proposal by Senators Susan Collins (R-ME) and Joe Manchin (D-W.Va) that would have funded the government through March at current levels, raised the debt limit through Jan. 31, delayed a tax on medical device manufacturers and established income verification for people receiving subsidies to buy health insurance.

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