Where We Stand
On the House side: House Republican leadership has proposed a bill but is struggling to get the caucus to support it. It may simply fall apart. The latest version of their bill funds the government at sequestration levels until January 15, raises the debt limit until February 7, includes income verification for recipients of subsidies under Obamacare, requires that all Congressional staff and members of the cabinet sign up for the exchanges offered under Obamacare with no employer contribution, and ends the ability of the treasury to take ‘extraordinary measures‘ to avoid default in the future. It also may include a provision to allow employers to deny copay-free birth control to their employees if they have a personal religious objection. Reportedly, the medical device tax delay that was originally part of the effort has been dropped.
On the Senate side: Negotiations are pretty much at a standstill until the House gets its act together. The latest version of a Senate deal rumored to be agreed upon by Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) would fund the government at sequestration levels until January 15, raise the debt limit until February 7, maintain the budget cuts known as sequestration rbut give federal agencies flexibility in how they make those cuts, establishes a committee to negotiate a new budget by December 13th, and includes income verification for ecipients of subsidies for their insurance under the exchanges established by Obamacare.