Breaking News: They Say There’s Agreement
PSW News — By R.e. Glenn
Politico is reporting that Senate Majority Leader and Senate Minority Leader Mitch McConnell announced they have an agreement to reopen the government and lift the debt ceiling.
“This compromise we reached will provide our economy with the stability it desperately needs,” Reid said on the Senate floor.
“This has been a long, challenging few weeks for Congress and for the country. It is my hope that today we can put some of those most urgent issues behind us,” McConnell said.
The agreement will open the government through Jan. 15, lift the debt ceiling trough Feb. 7, and require a bicameral budget conference committee by Dec. 13.
After leaving a party meeting led by McConnell, conservative senators said they will allow swift passage of the bill. Asked if he’d block a quick vote, Sen. Ted Cruz answered: “Of course not.”
But is this just a little too late? Another credit agency issued a notice that it is reconsidering the AAA rating for the same reasons we lost that top-tier rating from Moody’s in 2011–not because of untrustworthy financial practices, but for untrustworthy politics. Also, China has issued a statement calling for a “de-Americanized” world economy, speaking the words that a lot of the international community has been thinking through this whole unnecessary shutdown/debt limit fiasco.
The Parts in the Sum of the Whole 