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ARTICLE · 21 OCTOBER 2013

Shutdown Day 14 Recap

Drinker Biddle & Reath LLP
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Yesterday Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY) met and subsequently announced that they were working toward a deal.

United StatesGovernment, Public Sector
Amy Walker
Amy Walker

Yesterday Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY) met and subsequently announced that they were working toward a deal. The deal is reported to involve a continuing resolution through January 15, 2014, a debt ceiling hike through February 7, 2014 and a deadline of December 13, 2013 for holding a bicameral budget conference to discuss alternatives to sequestration. The deal does not include a delay of the Affordable Care Act's (ACA's) individual mandate (or completely defunding the ACA), but including income verification requirements for the ACA's insurance subsidies is still on the table. The plan funds the government at $986 billion until January 15th, when a $21 billion cut pursuant to sequestration would go into effect.

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