Rep. Lipinski Pushes Bipartisan Plan to End Shutdown, Avert Debt Ceiling Crisis

With the federal government shutdown stretching into its third week and the country’s economic health at risk without an increase to the debt ceiling, U.S. Rep. Dan Lipinski (IL-3) today urged the House and Senate to take up a compromise plan he helped to negotiate within days of the shutdown taking effect. The bipartisan proposal, considered over the weekend in the Senate, offers a short-termspending plan to reopen the government and temporarily raises the debt ceilingwhile outlining a process for a longer-term budget deal.

“The commonsense proposal I worked to put together in the House offers the most credible offer yet to protect our economy by ending the shutdown and keeping the country on track to pay its bills. It also provides a path for the House and Senate to develop a larger fiscal solution that includes a comprehensive budget deal that addresses our overall deficit problem. I was pleased to see a bipartisan group in the Senate throw its support behind a very similar proposal over the weekend. I believe this plan can and should emerge as the template for a solution,” Rep. Lipinski said. “I remain hopeful that all sides can compromise on this crisis created by Washington in the first place and do the right thing for the American people. Americans are angry at Washington, for good reason. But I continue to work to bring people together to solve problems and do what is right for the country. The time for political games is long over. We need to act.”

To facilitate passage of the agreement, the medical device tax scheduled to take effect next year as part of Obamacare would be repealed.

The shutdown that started Oct. 1 has cost the U.S. economy an estimated $300 million a day and denied millions of American access to federal services and resources. Important medical research and inspections programs critical to public safety have ground to a halt. If the federal government breaches the debt ceiling later this week, there is the potential for a huge drag on the economy and a severe reaction by the global financial markets, threatening to throw the country into another recession.

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