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House GOP to move own bill on debt and shutdown

10:35 AM, Oct 15, 2013   |    comments
(Photo by Mark Wilson/Getty Images)
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WASHINGTON -- House Republicans intend to pass their own plan to reopen government and avert an impending Thursday default deadline instead of waiting for Senate leaders who are nearing agreement on a competing budget offer.

House Republicans are dissatisfied with the contours of the Senate plan because it does not go far enough to rein in President Obama's health care law. The government shutdown, now in its 15th day, began when House Republicans refused to advance a stopgap funding bill unless it included provisions to delay or defund the Affordable Care Act.

The decision may complicate the effort to avoid an unprecedented default. Treasury Secretary Jack Lew has said the U.S. will stop being able to meet all of its financial obligations on time by Oct. 17.

House GOP aides not authorized to speak about the new House plan until it is released publicly, said it mirrors the Senate plan to extend federal spending through January and raise the debt ceiling through February.

However, the House plan removes the Treasury secretary's ability to use "extraordinary measures" to extend the debt ceiling deadline, restricting the executive branch's flexibility to shift money around to pay bills.

The House plan also includes a two-year delay of a 2.3% medical device tax and eliminates a federal subsidy for members of Congress, the president, vice president and cabinet officials to buy health insurance under the new system.

Rep. Darrell Issa, R-Calif., said the House will vote today on the proposal. Issa said the plan was "very similar" to the Senate proposal still under discussion. "But remember. The Senate doesn't have a bill. So being similar to a possible bill with another possible bill isn't saying anything."

House Republicans sang "Amazing Grace" at the closed door meeting this morning, Issa said.

Senate Majority Leader Harry Reid, D-Nev., said Tuesday that he and Senate Minority Leader Mitch McConnell, R-Ky., continue separate deliberations on a Senate plan. The competing proposal would fund government through Jan. 15, suspend the debt ceiling until Feb. 7, and create the framework for formal budget negotiations to conclude by Dec. 15 with long-term recommendations for funding levels and deficit reduction. The Senate plan does not include any significant reforms to Obamacare.

"I'm confident we'll be able to reach a comprehensive agreement this week in time to avert a catastrophic default on the nation's bills," Reid said.


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