Senator Reid hopes to present fiscal plan to Obama on Monday

WASHINGTON Mon Oct 14, 2013 1:13pm EDT

U.S. Senate Majority Leader Harry Reid (D-NV) addresses reporters at a news conference at the U.S. Capitol in Washington, October 12, 2013. REUTERS/Jonathan Ernst

U.S. Senate Majority Leader Harry Reid (D-NV) addresses reporters at a news conference at the U.S. Capitol in Washington, October 12, 2013.

Credit: Reuters/Jonathan Ernst

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WASHINGTON (Reuters) - Senate Majority Leader Harry Reid on Monday voiced optimism over progress in urgent fiscal negotiations, saying he hoped to be able to present a new proposal to President Barack Obama later in the day.

The Democratic leader, who emerged from a half-hour meeting with Senate Republican leader Mitch McConnell, was asked by reporters whether he would go to the White House armed with a plan to end a 14-day-old partial government shutdown and to raise the limit on government borrowing.

"I hope so," Reid responded. He and McConnell are set to meet with Obama at 3 p.m. ET (1900 GMT), along with House of Representatives Speaker John Boehner and House Democratic leader Nancy Pelosi.

(Reporting By Richard Cowan; Editing by Doina Chiacu)

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Comments (2)
divinargant wrote:
Now all the Obama needs is for the markets to tank to get his way. He’s likely looking to do an impromptu press event to spook investors before the bond market opens back up. It sounds crazy I know and may not achieve the results he’s looking for but this is coming down to the wire now and he may pull this as a last punch to corner the House into capitulation.

Oct 14, 2013 1:18pm EDT  --  Report as abuse
Bakhtin wrote:
What is this ‘fiscal plan’? It is nothing more than “Hey – lets do this all over again in February!”

That is not a plan. That is making the problem worse. Already financial are avoiding the US because they don’t trust Republicans. Announcing that they have scheduled another manufactured crisis for February will ensure that the trend continues and hurts the US more.

This needs to to be fixed now.

Oct 14, 2013 10:54pm EDT  --  Report as abuse
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