According to Pulse of Radio,
As the federal government shutdown entered its second week on Monday (October 7th), the focus of concern was shifting more towards the debt limit and the need for it to be raised by October 17th to avoid the U.S. going into default for the first time in history. That concern was being felt overseas as well, including in China, which holds a lot of U.S. debt, and where Vice Finance Minister Zho Guangyao said, “Safeguarding the debt is of vital importance to the economy of the U.S. and the world.” Senate Majority Leader Harry Reid was reportedly drafting legislation to raise the debt ceiling, which would quickly pass the Senate unless the Republicans decide to filibuster it. As for the House, Speaker John Boehner has said that he won’t put legislation up for a vote unless he gets concessions from President Obama. Obama visited the Federal Emergency Management Agency yesterday to thank its workers, most of whom had been furloughed because of the government shutdown and many of whom then returned and worked without pay to prepare for Tropical Storm Karen.
Let’s hope that this situation is taken care of ASAP.
