FINANCIAL TIMES: …The deal, which had yet to be finalised, would raise the debt ceiling until early February, reopen the government until January and include a mechanism to force lawmakers into longer-term budget discussions.
But there were still doubts about whether a possible agreement between Harry Reid, the top Senate Democrat, and Mitch McConnell, his Republican counterpart, would pass in the House of Representatives, where conservatives have insisted that any deal include further spending limits…
The fast moving behind-the-scenes talks came as a new report found that chronic dysfunction on fiscal issues in Washington since 2010 had cut one percentage point from US growth and cost the nation 2m jobs, according to Macroeconomic Advisers, the economic research group… (more)
