WEAR - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Congress gets back to work with sense of urgency

WASHINGTON   --  Congress got back to work this morning with a new sense of urgency.
The country is just hours away from what could be an economic catastrophe.
   
Cooperation is needed from members of both parties if congress is to  come up with a plan to avoid default.
   
Senate leaders Harry Reid and Mitch McConnell have finalized a plan they believe can pass their chamber with bipartisan support.
   
The senate deal would: Reopen the government until January 15th...Extend the nation's credit limit until February 7th and make no major changes to President Obama's Health Care law.
   
But for that to happen they would need unanimous consent -- meaning conservative hardliners like Senator Ted Cruz would have to be onboard.

Obama  - What we've seen amongst the senate democrats and republicans is a recognition that there are ways for us to do this that doesn't damage
the economy.

Congressional Aides say there is discussion about resolving all of this with a simple procedural move in the House.
   
For that to happen, all four congressional leaders would have to reach agreement.