federal budget - Page 5

President Obama and Republicans focused on positive developments in their efforts to reach an agreement to end the federal government shutdown and raising the nation's debt ceiling during their respective weekly internet and radio addresses.

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The Senate meets for a rare session today to vote on whether to advance a Democratic bill to lift the government's borrowing cap through the end of next year.

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Efforts accelerated in Congress on Friday to keep the U.S. Treasury from defaulting as early as next week and to end the partial government shutdown that stretched through an 11th day.

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Officials say House Republicans are offering to pass legislation to avert a default and end the partial government shutdown as part of a package that includes cuts in benefit programs.

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After weeks of ultimatums, President Barack Obama and House Republicans are exploring whether they can end a budget standoff that has triggered a partial government shutdown and edged Washington to the verge of a historic, economy-jarring federal default.

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Facing a fresh deadline, House Speaker John Boehner says Republicans would vote to extend the government's ability to borrow money for six weeks — but only if President Barack Obama first agrees to fresh negotiations on spending cuts.

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 House Speaker John Boehner told Republican lawmakers Thursday he will give President Barack Obama a proposal extending the government's ability to borrow money through Nov. 22 — but only if he agrees to negotiate over ending the partial government shutdown and a longer-term increase in the debt ceiling.

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House Republican leaders are considering a short-term increase in the U.S. debt limit as a possible way to break the gridlock that threatens the nation with an unprecedented default in as little as a week, officials said Wednesday night.

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The Republican-led House has passed legislation to restore death benefits to the families of fallen U.S. soldiers halted by the government shutdown.

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President Barack Obama is having House Democrats to the White House as a showdown over the budget extends into its ninth day.

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