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Possible Breakthrough in Debt Ceiling Crisis

WASHINGTON, DC -- Today is just one week away from the date when the Treasury Department says the country will run out of money to pay its bills. There are reports of a possible breakthrough in negotiations to avoid a default.
WASHINGTON, DC -- It's Day 10 of a partial government shutdown and we are just one week away from the date when the Treasury Department says the country will run out of money to pay its bills.  There are reports of a possible breakthrough in negotiations to avoid a default.

House Republicans will meet behind closed doors this morning,  to reportedly consider a short-term increase of the country's borrowing limit.
The deal would buy time to negotiate a larger deficit reduction bill. 
A delegation of GOP House members will then head to the White House to meet with President Obama.

"Talking will yield a much better outcome," says Rep. Eric Cantor/(R-VA) Majority Leader
Minority Leader Nancy Pelosi (D-CA) says Democrats are open to a short-term deal, but.."We haven't heard any offer of a short term one way or another," she says.

President Obama has indicated he would welcome a temporary solution for the debt ceiling problem.  But he says negotiations for a longer deal can happen only after Congress funds the government.  "I don't understand, and I don't think most Americans understand, why do you need to shutdown the government in order to have a negotiation," the president said.

But while conservatives appear willing to negotiate over the debt ceiling, many say they still want changes to Obamacare before they agree to reopen the government.
"How can we tax people for not buying a product from a website that doesn't work?" asked Rep. John Boehner (R-OH) Speaker of the House.

House Republicans have been passing a series of bills to open parts of the government.  Senate Democrats want one bill to re-open all of it.

The House voted unanimously Wednesday to extend death benefits to the families soldiers killed in duty during the shutdown.  The Senate may consider passing that stand alone bill outside of a larger bill to reopen the government.

(Susan McGinnis, CBS News)

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