Thursday, December 11, 2014

Federal Govt. Runs Out of Money at 11:59 P.M

With Deadline Looming, Spending Bill Sputters As Leaders Hunt for Votes  
Image: A general view of the U.S. Capitol dome can be seen to the carriage entrance to the U.S. Senate in Washington 
With the clock ticking towards a midnight deadline to keep the government open, leaders have delayed a vote on a massive spending package as they scramble to find enough bipartisan support to pass it.
The delay came hours after the measure barely cleared a procedural hurdle to keep it alive.
House Democrats are set to huddle at 5:30pm ET to discuss a way forward, as the spending measure has prompted a public rift between the White House and progressive Democrats, who primarily object to the bill's inclusion of a rollback of financial reforms. Sen. Elizabeth Warren of Massachusetts, famed as a thorn in Wall Street's side, has branded those changes a "bailout" for big banks at taxpayers' expense.

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