The pressure is on the Senate to end the fiscal stalemate on Capitol Hill now that talks between President Obama and House Republicans have fizzled. Speaker John Boehner [[ BAY-nur ]] told his fellow Republicans this morning negotiations have stalled. The White House wasn't keen on Boehner's proposal to extend the debt ceiling through November 22nd. The President wanted a longer-term deal. The Obama administration is now looking to negotiate with Senate Republicans as hope of reaching an agreement with the House dwindles.
Failure to pass a short-term spending bill forced a government shutdown that's already in its 12th day. Now, Congress must reach a deal to raise the debt ceiling by October 17th or risk default.