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With the deadline to avoid a government shutdown quickly approaching, lawmakers have not yet reached an agreement.
Senators have until midnight tonight to end the funding standoff, which stems from a disagreement between Democrats and Republicans concerning Obamacare.
Senate Democrats decided to override a measure Sunday from the Republican-majority House of Representatives that would tie government agency funding to a year-long delay in the introduction of Obama's healthcare law.
The House unanimously passed a bill that would allow for U.S. soldiers to continue to be paid until the start of the new fiscal year, Oct.1. This could be a sign that lawmakers are acquiescing to a government shutdown.
The standoff over this bill is just the beginning of another inevitable issue: the federal government's bowrrowing authority. If the $16.7 trillion debt ceiling is not raised by mid-October, the government would be forced to default on certain payments. This would have a major effect on the national and international economies.
The Senate will convene again at 2 p.m. today to try and reach a resolution before tonight's shutdown deadline.
SOURCE: Chicago Tribune