October 16, 2013


Sen. Ted Cruz (R-Tex.), who staged a 21-hour filibuster earlier in the process, said he would vote no, but would not delay the timing of the vote.

“Of course not, never had any intention to delay this vote,” he told reporters as he exited the meeting. “Delaying this vote would not accomplish anything.”

And here's what's in the likely deal:

In addition to lifting the $16.7 trillion debt limit, the emerging measure would fund the government through Jan. 15, delaying the next threat of a shutdown until after the holidays. It would set up a conference committee to hammer out broader budget issues, such as whether to replace deep cuts to agency budgets known as the sequester with other savings.

Under the Senate proposal, Republicans who shut down the government in a bid to undermine President Obama’s health-care program would win no major changes to the law. But they would get additional safeguards to ensure that people who receive subsidies to buy health insurance are in fact eligible.

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