US Government shutdown gets closer

Last Friday, the Republican-led House of Representatives passed a stopgap funding bill that would continue to fund the federal government but would withhold funding for US President Barack Obama’s signature healthcare law, the Affordable Care Act which is also known as ObamaCare.

The Senate is expected to vote on the stopgap spending measure on Friday. A series of four votes has been scheduled by Senate Majority Leader Harry Reid (D-Nevada), one of which will remove provisions defunding ObamaCare.

However, House Speaker John Boehner (R-Ohio) said Thursday that there was no way House Republicans would approve the temporary spending bill if the Democrat-controlled Senate strips out the provisions that withhold funding for ObamaCare.

“I don’t see that happening,” Boehner said.

Senate Majority Leader Harry Reid (D-Nevada) warned House Republicans to either pass the Senate bill, or face the dangerous consequences of a government shutdown.

Large functions of the US government, such as national parks and museums, will close Tuesday, October 1, unless US lawmakers agree on legislation authorizing new spending.

Democrats and Republicans also remain far apart on how to raise the current $16.7 trillion debt ceiling.

Congress faces a mid-October deadline in order to raise the federal government’s debt limit.

The White House has said Congress should raise the debt ceiling without conditions and has refused to negotiate with lawmakers about how to do it.

The United States government is running out of money to pay its bills faster than previously thought, Treasury Secretary Jacob Lew recently warned.

“We estimate that, at that point, Treasury would have only approximately $30 billion to meet our country’s commitments,” Lew said in a letter Wednesday to Boehner.

The US government has about $16.7 trillion in debt which continues to rise because the government spends more money than it brings in through revenue.

AHT/ISH

Source Article from http://www.presstv.ir/detail/2013/09/27/326299/us-government-shutdown-closer/

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