3 p.m. meeting postponed – HuffPo
The White House says a meeting between Obama and congressional leaders has been postponed to give Senate leaders more time to resolve a standoff over the nation’s debt and the partial government shutdown.
From Slate’s Shutdown Liveblog:
12:05 p.m.: Afternoon Action as Congressional Leaders Head to the White House, via WaPo:
President Obama and Vice President Biden will meet with the top-ranking House and Senate leaders in both parties this afternoon at 3 p.m., a White House official said. Obama will huddle at the White House with House Speaker John Boehner (R-Ohio), House Minority Leader Nancy Pelosi (D-Calif.), Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.).
12 p.m.: Reid Makes an Offer, via Politico:
Harry Reid has privately offered Senate Minority Leader Mitch McConnell a deal that would reopen the government until mid-to-late December while extending the U.S. debt ceiling until next year, according to several sources familiar with the talks.
McConnell is still reviewing the offer and is privately huddling with groups of GOP senators Monday who could be key to providing enough votes in the Senate. On Monday morning, McConnell met with Sens. John McCain of Arizona, Susan Collins of Maine, Lisa Murkowski of Alaska, Mike Johanns of Nebraska and Mark Kirk of Illinois.
And, Markets, any comment?
Stock markets rebound as budget talks continue - via Politico
The stock market rebounded Monday afternoon following a weak opening, amid renewed hope that Congress was nearing an agreement to re-open the government and raise the debt ceiling, which the Treasury Department says needs to be done by Thursday.
By early afternoon trading, the Dow Jones Industrial Average was up more than 20 points, having made up the ground it had lost in early morning trading when it was down as much as 100 points. The Nasdaq, which had also dipped in the morning, was up more than 12 points, while the S&P 500 was also up more than 2 points.
The bounce in the stock market followed new signals from the Senate Monday that an agreement could be reached soon. Senate Majority Leader Harry Reid (D-Nev.) — who had rejected a proposal from Sen. Susan Collins (R-Maine) over the weekend — has offered Senate Minority Leader Mitch McConnell (R-Ky.) a plan that would re-open the government and raise the debt ceiling until next year, POLITICO reported.