Shutdown Ends: What Happened and What’s Next?
Congress, under pressure to prevent U.S. debt default, passed a bill Wednesday that gave the government funding until January 15 and raised the debt ceiling until February 7. Unfortunately, most seem united in the belief that this marks the beginning of party procrastination — rather than cooperation.
According to Bloomberg, the agreement failed to solve disagreement between the two parties over fiscal policy — with Republicans still insistent that in three or four months they will not be raising taxes, and Democrats continuing to demand higher tax revenue before cutting Social Secuirty and Medicare.
“We haven’t really resolved any of the big issues. He didn’t get more revenue. He didn’t get the sequester caps lifted. All those decisions were punted,” said Dan Meyer — the former Chief of Staff to Newt Gingrich — of President Obama’s success.