U.S. Senate leaders say they have reached an 11th-hour compromise to reopen the federal government and avoid a debt default. Georgia Senator Saxby Chambliss says the last few weeks of budget fights in Washington haven’t done anyone any good.
A much-discussed immigration overhaul is taking a back seat in Washington. Congress is busy considering its options in Syria and the debt ceiling debate returns. Some industry leaders and elected officials in Georgia fear a government shutdown will further delay the issue.
Washington’s Gang of Six has swelled to 34. US Senator Republican Saxby Chambliss of Georgia is leading a new bi-partisan coalition of senators with a mission to reduce the 14 trillion dollar national deficit.
Governor Nathan Deal says failure to reach an agreement on debt ceiling will cause serious problems for Georgia. Federal government funds nearly one third of state's budget. Medicaid would be hit hardest.
The debate over how to raise the federal debt ceiling could have big repercussions in Georgia. Political experts say, any deal to raise the limit likely would include big cuts to federal spending. Georgia relies on federal spending for everything from road construction to energy assistance.