House shutdown plan fails; focus again on Senate

House shutdown plan fails; focus again on Senate

Credit: Getty Images

WASHINGTON, DC - OCTOBER 15: U.S. Senate Majority Leader Sen. Harry Reid (D-NV) walks towards the office of Minority Leader Sen. Mitch McConnell (R-KY) at the U.S. Capitol for a visit October 15, 2013 on Capitol Hill in Washington, DC. The U.S. government shutdown is entering its 15th day as the U.S. Senate and House of Representatives remain gridlocked on funding the federal government. (Photo by Alex Wong/Getty Images)

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by Associated Press

khou.com

Posted on October 15, 2013 at 10:47 PM

Updated Tuesday, Oct 15 at 10:50 PM

WASHINGTON -- It's apparently up to the U.S. Senate to fashion a compromise to reopen the government and avert a national default.

Hours after House leadership said there would be a late vote on an alternative to a possible Senate compromise, the measure was pulled.

It would have permitted the Treasury to borrow normally until Feb. 7 and the government to reopen with sufficient funds to carry it to Dec. 15. But there were objections from all corners of the rank and file. And Heritage Action, a group with tea party ties, said it would include the vote in its determinations next year on which candidates to support in the midterm elections.

Meanwhile, aides to both Senate Majority Leader Harry Reid and the Republican leader, Mitch McConnell, expressed revived optimism about chances for a swift agreement -- by Wednesday at the latest -- that could pass both houses.

In New York, the stock market dropped and the Fitch rating agency warned that it was reviewing the government's AAA credit rating for a possible downgrade, though no action was near.

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