abc
QUICK LINKS:

Short-Term Debt Deal Won't Mask Big Barriers Ahead

Updated: 10/16/2013 6:44 AM
Created: 10/16/2013 6:09 AM KSTP.com
By: Jennie Olson

Congress might reach a last-minute deal to avert a federal default and fully reopen the government. But elected officials are likely to return to the same sort of grinding brinkmanship next year.
    
House-Senate talks are barely touching the underlying causes of debt-and-spending stalemates that pushed the country close to economic crises in 2011, again last December and again this month.
    
At best, Congress and the White House will agree to fund the government and raise the limit on federal borrowing for a few months.
    
They also will set up another bipartisan effort to address the major causes of the federal debt. Those include restricted revenue growth and entitlement benefits that rise automatically.
    
But advocates see no change in the political dynamics that stymied past bids for big compromises.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Minneapolis/St. Paul

Clear
62°
80° | 61°
  • Feels like: 62° F
  • Wind: WNW 6mph
  • Humidity: 80%
  • Wed Partly cloudy
    82° | 62°
  • Thu Mix of sun and clouds
    84° | 65°
  • Fri Times of sun and clouds
    83° | 65°
  • Sat Plenty of sun
    85° | 65°

Video

KSTP NEWS