There is movement in Washington to resolve the budget impasse with the House set to vote on a bill to re-open the federal government and raise the debt ceiling.
UPDATE: The House canceled a vote on the bill.
Congressman Lee Terry says he’s not completely happy with a bill scheduled to hit the House floor tonight, but will vote in favor of it.
“I gotta tell you, I am not enthusiastic about it, but we’ve got to move the ball down the field on this one. We’ve got to open up the government and we have to have some permanent solutions to our spending problems,” Terry tells Nebraska Radio Network in an interview.
The House measure would fund the federal government through mid-December and raise the debt ceiling to approximately February 7th.
Those deadlines aren’t far from the deadlines being discussed in the Senate, but there are other provisions in the House bill sure to be rejected by the Senate. One would end any healthcare coverage subsidies for White House and Congressional staff members, forcing them into the healthcare exchanges created by the Affordable Care Act.
Both chambers seem to be reaching agreement to provide temporary funding to the federal government while Congress works to reach agreement on a more permanent agreement on budget cuts.
The Treasury Department has stated that it will exhaust its ability to borrow money to fund the government by Thursday, hitting the so-called debt ceiling and edging closer to possible default.
Meanwhile, the federal government remains in partial shutdown after Congress failed to approve a funding measure by October 1st, the start of the new fiscal year.
AUDIO: Congressman Lee Terry discusses potential House funding bill with Brent Martin. [2:40]