The U.S. government could shutdown on Tuesday if Congress can’t reach a deal on a temporary spending budget bill, costing more than 700,000 jobs and $200 million a day in the Washington area.
Looks like Senator Ted Cruz found something that was a bigger job killer than Obamacare: himself.
The Democrats and Republicans have been going back and forth on this bill – adding funding for Obamacare (Democrats), removing funding for Obamacare (Republicans), reciting children’s books for 21 hours for no reason (Ted Cruz), re-adding funding for Obamacare (Democrats), etc.
The political bickering isn’t just limited to Democrats vs. Republicans. Fighting has occurred within the Republican party as well, between those who hate Obamacare so much that they’d be willing to shutdown government and those who don’t hate it that much and realize that the economic and political consequences of a Republican-induced shutdown would probably be worse than requiring Americans get health insurance.
Congress has until midnight tonight to get their sh*t together and pass the temporary spending bill in order to avoid a shutdown and continue funding the federal government’s operations, employees, and services.
But as of now the ball is in the Senate’s court. At 2pm on Monday, the Senate will take up the House-approved spending bill, which delays implementing Obamacare for another year. Senate Majority Leader Harry Reid has already vowed to reject the House bill and its new amendments, saying “the American people will not be extorted by Tea Party anarchists” and any changes to Obamacare would be a deal-killer. So once again, they’ll take out the anti-Obamacare stuff and send it back to Congress. And this process will continue until the Republicans agree to it or until 12:01am when everything goes black.
And to make matters worse, the debt ceiling crisis is back and is far more worrisome than some temporary spending bill… but let’s just deal with one government showdown at a time.