Explained: Government Shutdown Completely Fake

Focus on Senate after Obama rejects House plan

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The Money GPS is the book by David Quintieri featuring Bob Chapman, James Turk, and David Morgan.

FREE version @ http://themoneygps.com/free
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Speaker John Boehner told House Republicans Saturday morning that his efforts to strike a deal with President Barack Obama are at a standstill.

There is no agreement, Boehner said in a room in the Capitol Saturday, and there are no negotiations between House Republicans and the White House, since Obama rejected the speaker’s effort to lift the debt ceiling for six weeks and reopen government while setting up a budget negotiating process.

With that, a familiar dynamic has resurfaced 12 days into the government shutdown and five days before Treasury says the nation runs out of borrowing authority: The pendulum has swung back to Senate Republicans, who now look more likely to cut a deal with Obama to end the first government shutdown since 1996, and avoid the first default on U.S. debt in history.

The bill would also delay Obamacare’s tax on medical devices for two years, while replacing the lost revenue by altering the way pensions are calculated. It would give increased autonomy to the heads of federal agencies under the constraints of sequester spending levels and provide funding increases for fire suppression, a key item for Sen. John McCain (R-Ariz.).

But the clock is the biggest enemy for all sides. It’s unclear if a deal brokered by the Senate could come together before Thursday, when the $16.7 trillion debt limit must be boosted, according to Treasury Secretary Jack Lew. House Republican leadership sources say their offer of a six-week debt limit increase might regain favor if a Senate-brokered deal does not come together before that deadline.

http://www.politico.com/story/2013/10/government-shutdown-2013-update-98177.html
http://www.politico.com/story/2013/10/house-senate-saturday-session-government-shutdown-debt-ceiling-98218.html?hp=t1_3
https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program
http://www.reuters.com/article/2009/02/04/us-usa-bailout-lobbying-idUSTRE51377B20090204?feedType=RSS&feedName=politicsNews
http://www.businessinsider.com/bank-ceo-buys-condo-with-tarp-money-2013-8

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The Money GPS is the book by David Quintieri.
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FREE copy @ http://themoneygps.com/free
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