Home / News / Senate Leaders Start Budget, Debt Ceiling Talks

Senate Leaders Start Budget, Debt Ceiling Talks

Capitol_BuildingSenate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) started talks over the weekend over ending the government shutdown and reaching a debt ceiling deal, USA Today reported Sunday.

The leadership met Saturday along with Sens. Charles Schumer (D-N.Y.) and Lamar Alexander (R-Tenn.) to negotiate a compromise that would prevent a U.S. default, according to a report by Susan Davis and David Jackson.

Senate Democrats have rejected a bipartisan proposal by Sen. Susan Collins, R-Maine, to reopen the government and make adjustments to the healthcare law and spending levels, USA Today reports.

“I appreciate her efforts as always to find a consensus, but the plan that she’s suggested that I’ve seen in writing is not going to go anyplace at this stage,” Reid said, according to the report.

Schumer told USA Today that Democrats are open to discussions to alleviate sequester cuts.

Check Also

SEC to Address Financial Technology Concerns, Innovations via New Hub

The Securities and Exchange Commission has opened a hub where it can coordinate with public and private sector entities to address concerns and initiate developments in financial technology.

Leave a Reply

Your email address will not be published. Required fields are marked *