Medical Device Tax
Democrats and Republicans in the Senate have nearly completed a deal that would reopen the government and increase the Treasury Department's debt ceiling. President Obama has signalled his support, as have Democratic leaders in the House. But House Republicans aren't ready to give up on their dream of threatening shutdown and default to extract concessions. They're making yet another counter-offer, with some of the same demands Democrats rejected perviously—even though, within two days, Treasury is likely to exhaust the "extraordinary measures" it's been using to pay its bills.
The tea party's gift to K Street
After all that, the Tea Party may have helped K Street end a tax that annoyed fatcats
The Republican fever is starting to come down. It hasn’t broken yet.Members of the Senate GOP on Friday met with President Obama, just as House Republicans had done one day before. And like their House counterparts, they sketched out an idea for ending the current political impasse—so that the federal government reopens and, no less important, so that the Treasury Department gets new borrowing authority to pay incoming bills.
Republican leaders and, finally, many of their followers are coming to grips with the obvious: They can't use the government shutdown or threat of default to kill Obamacare. But some conservatives aren’t quite ready to give up—whether because of heartfelt sentiment or political opportunism, or some combination of the two. That’s left GOP leaders searching for some kind of blow they can deal, ideally as they negotiate a way to restore govenrment funding and raise the debt ceiling.