House GOP to Ignore Senate, Pass Own Bill to Reopen, Lift Debt
While most of Washington awaits news of a Senate deal to end the partial government shutdown and raise the debt ceiling, House Republicans are planning their own legislation to end the fiscal stalemate. The development came as House Republicans met Tuesday morning to review the framework for the Senate deal. With one member describing the Senate agreement as a "mushy piece of s---," the House is going to move forward with its own proposal, rather than wait for Senate action.
There are few details about the House plan. It is likely to track with the timeline in the Senate deal, i.e. funding government through January 15 and lifting the debt ceiling until early February. The House plan is likely to enact more changes to ObamaCare than the deal currently under negotiation in the Senate. The House will seek to delay the medical-devices tax and block subsidies to members of Congress and staff to purchase health insurance.
The government is set to hit its statutory borrowing limit on Thursday. Baring an extraordinary chain of events, the fiscal stand-off will stretch well beyond that deadline. Senior Hill aides tell Breitbart News that the country can likely go "a week or so" beyond the deadline without too much market turmoil.