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Debt Limit Hike, Budget Talks Update: Oct. 14, 2013

Negotiations between the White House and Republicans in the House over the budget have broken down, shifting the focus to the Senate. House Speaker John Boehner (R-Ohio) told members in a meeting on Saturday morning that talks had stalled after the White House rejected his initial offer for a six-week hike in the debt ceiling and new budget talks to reopen the government. “Senate Republicans need to stand strong and fight,” Eric Cantor (R-Va.), the Republican House Majority leader, told the meeting. The House adjourned on Saturday morning, and will not reconvene until Monday evening.

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