in the Senate and also in the House, where a large faction of tea party aligned lawmakers precipitated the shutdown two weeks ago despite the efforts of both McConnell and Republican Speaker John Boehner.
Dow Jones industrial average rose 64 points. Reid and McConnell met twice before midafternoon, their sessions sandwiched around a White House announcement that Obama was calling them and the party leaders in the House for the second time in less than a week to discuss the economy threatening crises. The meeting was subsequently postponed and it was not clear when it might be rescheduled. Any legislation would require passage Vans High Tops Grey
f defaulting. "Stock prices, which had risen strongly late last week on hopes of an agreement, were down at the start of the day but then pushed higher as the Senate leaders voiced optimism. The Vans Dark Blue Shoes
addition to other elements of any deal, the two Senate leaders are expected to announce that House and Senate negotiators will seek a Vans Old Skool Pro deficit reduction agreement that could ease or eliminate a new round of automatic federal spending cuts scheduled to begin in January. While the current round of these cuts fell on both domestic programs and the military, the new reductions would hit primarily the Pentagon. Democrats were resisting a Republican backed proposal to suspend a medical device tax that was enacted as part of the health care law. The president and a wide array of economists, bankers and politicians in both parties at home and backed by world leaders have all warned .
As for raising the debt limit until February, he said, "That a lot of dollars. "In Vans Boots
Boehner met with McConnell during the day, then with other House GOP leaders. His spokesman, Michael Steel, later said, "If the Senate comes to an agreement, we will review it with our members. " A closed door session was set for Tuesday morning. One conservative with a seat at the GOP leadership table, Oklahoma Rep. James Lankford, said that based on what he had been told, the emerging package contained no policy victories for his party.
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