Title: Raising the U.S. Debt Ceiling a possibility
1Raising the U.S. Debt Ceiling a possibility
2After weeks without any hint of a potential
compromise between the Obama administration and
congressional Republicans over raising the
nation's debt ceiling, the White House may be
offering a compromise that could lead to a deal
to stop a potential default on October 17th. The
president will accept a short-term debt ceiling
increase in order to get past the potential
crisis when the government hits the 16.7
trillion borrowing limit. A short-term increase
would give Rs and Ds some breathing room, but
by itself would not address the issues preventing
an agreement. The last big confrontation over
the debt ceiling, August 2011, ended with an
11th-hour agreement under warnings of an economic
catastrophe if there was a default. Obama said he
is open to talk about his healthcare plan, but
only after Congress approves measures to end the
government shutdown and raise the U.S. debt
ceiling.
3In Other News
- A New York police officer is the sixth person to
be charged in connection with an attack on an SUV
driver last month. Wojciech Braszczok is
allegedly shown in a video pounding on a Range
Rover driven by Alexian Lien, who was later
beaten. Braszczok was off-duty at the time and
riding with a group of motorcyclists. It's not
clear if he took part in the beating. The
officer faces riot and criminal mischief charges.
- The USDA traced a salmonella outbreak to a
poultry producer in California. So far, it's
sickened 278 people in 18 states. The CDC is
working with state health departments to track
the outbreak while the investigation continues,
but because of the government shutdown, the
information may not make it to the agencies'
websites. - Boston Red Sox win the ALDS 3-1 against the Tampa
Bay Rays.