The first deadline requires Congress to pass a spending bill to allow agencies to stay open.
The mid-month deadline requires Congress to increase the government’s $16.7 trillion borrowing cap to avoid a first-ever default on its payments, which include interest obligations, Social Security benefits, payments to thousands of contractors large and small, and salaries for the military.
The standoff just four days before the end of the fiscal year increased the possibility of a shutdown, with no signs of compromise.
The No. 2 Democrat in the Senate, Dick Durbin of Illinois, said that because of the time it takes the Senate to approve even non-controversial bills, if the House amends a Senate-passed spending bill and returns it to the Senate over the weekend, “That is a concession on their part that we’re going to shut down the government.”
Not far from the Capitol, at a community college in Largo, Md., Obama insisted he would not negotiate over his signature domestic achievement, either on a bill to keep the government operating or legislation to raise the nation’s borrowing authority.