NEWSMAX: The GOP senators reportedly are proposing a rough framework for a longer-term solution than the six-week debt ceiling increase currently being floated by House Speaker John Boehner.
According to Politico, some of the ideas being discussed include: a one-year extension of government funding at current sequestration levels with more flexibility on agency spending; a long-term debt limit increase of more than a year; a repeal of Obamacare’s medical device tax; changes to the Independent Payment Advisory Board under the healthcare law, and income means testing for Obamacare subsidies. ..
The efforts have been spearheaded by Maine GOP Sen. Susan Collins and facilitated on the Democratic side by New York Sen. Chuck Schumer. In addition to [John] McCain and Collins, other Republicans involved in the discussions include Tennessee Sens. Bob Corker and Lamar Alexander, and New Hampshire’s Kelly Ayotte. Sens. Joe Manchin of West Virginia and Dick Durbin of Illinois have waded in on the Democratic side to join Schumer… (more)
