According to U.S. Senate leaders, the chamber has developed a plan that would both end the federal government shutdown and prevent the first debt default in the nation’s history.
Reports released Wednesday indicate that the compromise includes funding for the government through mid-January while the debt limit would be raised temporarily. Both issues would be revisited by congress in the first two months of 2014.
Sen. Ted Cruz, who led an impassioned, 21-hour speech against ObamaCare prior to the shutdown, said he will not try to delay a vote on the plan.
“I have no objections to the timing of this vote,” he noted, explaining there is “nothing to be gained from delaying this vote one day or two days.”
After conservative groups lambasted Senate Minority Leader Mitch McConnell (R-Ky.) for proposing a plan that gives Democrats most of their requests, Majority Leader Harry Reid (D-Nev.) thanked him for his assistance in reaching the compromise.
Additional reports indicate that Speaker of the House John Boehner will allow the Republican-led chamber to vote on — and likely pass — this compromise. His efforts to put forward a viable deal earlier this week were unsuccessful.
The stock market reacted positively to the news of a deal Wednesday, though many conservatives did not.
Obama and his minions have sufficiently frightened Republican legislators, who apparently believe the apocalyptic forecasts of those who want to endlessly increase our debt. Americans are growing tired of their constant capitulation, however, and will have an opportunity to express that sentiment at the ballot box.
–Western Journalism staff writer
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