VIDEO: White House ‘pleased with the progress’ of Senate compromise talks
WASHINGTON – A comparison of tentative House and Senate plans for ending the government shutdown and extending the federal debt limit, as of Tuesday afternoon. Changes in both plans were possible:
ENDING THE SHUTDOWN:
Senate plan: Reopen government immediately, fund agencies through Jan. 15.
House plan: Same.
EXTENDING THE DEBT LIMIT:
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Senate plan: Extended through Feb. 7. Preserves Treasury secretary’s ability to shift funds among various accounts to let government keep paying bills for brief periods once the debt limit is reached.
READ MORE: House GOP floats plan to counter Senate on debt limit
House plan: Extended through Feb. 7. Treasury secretary would not be allowed to shift funds among various accounts to let government keep paying bills once debt limit is reached.
RESOLVING LONGER TERM SPENDING AND BUDGET ISSUES:
Senate plan: House-Senate bargainers would have to produce a report by mid-December.
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House plan: Same.
CHANGES TO 2010 HEALTH CARE LAW:
Senate plan: No major changes. New procedures for verifying incomes of recipients of federal health insurance subsidies to make sure they qualify.
READ MORE: White House: House Republican plan too partisan
House plan: No major changes. New procedures for checking incomes of recipients of federal health insurance subsidies. The president, vice-president, Cabinet secretaries and other administration appointees, members of Congress and perhaps congressional staff would lose the federal contribution that helps them pay health insurance premiums. Delays tax on some medical devices for two years.
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