Government shutdown day 14: Will there be a resolution this week?

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October 14, 2013, 5:45 am
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(NBC News: Tracie Potts) – We’re just three days away from the day the Obama administration says America won't be able to pay its bills and there's still no resolution to this government shutdown.

On Capitol Hill, the focus has shifted to the senate, where lawmakers are trying to craft some sort of compromise.

House republicans, who were pivotal in what led to this shutdown, are now on the outside as their colleagues in the senate try to bring it to an end.

Frustration over this shutdown landed right on President Obama's doorstep:

Demonstrators, including conservative lawmakers, cut down barriers at the closed World War II memorial and stacked them right in front of the White House, forcing a confrontation with officers.

A small group in the senate has taken over negotiations. They're working on temporary plan to re-open the government and avoid Thursday's debt ceiling deadline.

"I'm optimistic about the prospects for a positive conclusion," Senator Harry Reid said.

Six democrats and six republicans are trying to agree on a timeline:

"January 31 on the debt ceiling; March 31 on the cr. It gives us the time to work," said Senator Joe Manchin.

"I do believe we're going to see a resolution this week," Senator Susan Collins said.

"We need to end it. We need to put people back to work and we need to also pay our bills," said Senator Amy Klobuchar.

But outside the working group, some lawmakers are skeptical:

"I'm not going to vote for any plan that I don't think can get a majority of republicans in the house," said Senator Lindsey Graham.

Time is running out with less than 72 hours now before America faces default.

It wouldn't happen right away; that's the day we could no longer borrow more money. The congressional budget office says it could take till the end of the month before actual bills don’t get paid.

How is the world reacting this morning?

The head of the international monetary fund says a U.S. default could cause a massive disruption to the global economy and risk another recession.

Tags: Obama, Washington DC, senator susan collins, NBC News, Tracie Potts, senator harry reid, senator lindsey graham, senator joe manchin, senator amy klobuchar
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