Details are trickling in of the proposal Republicans will send President Obama in an offer to raise the debt ceiling and reopen the government. According to the Associated Press, congressional Republican aides met with White House officials late Thursday night and suggested that in addition to raising the debt limit and ending the shutdown, Republicans would agree to ease the sequester cuts, "replacing them with curbs in benefit programs that Obama himself has backed." One of those cuts is means-testing for Medicare, meaning wealthier old people would get lesser benefits, the AP reports. Obama has also previously backed a more strict method for calculating Social Security benefits.
Rep. Peter Roskam, GOP chief deputy whip, told The National Review, "Lets do a temporary debt ceiling, then lets concentrate on the continuing resolution." If Obama agrees, a vote on the debt ceiling could happen on Friday. The GOP is offering a two-track plan, The Hill reports — one would involve ending the shutdown, and the other would involve funding the government through 2014 and extending the debt limit. "We are waiting to hear back from he White House," Rep. Fred Upton, a Michigan Republican, told The Hill. "My sense is we are getting close to getting it done." House appropriations committee chair Hal Rogers said Republicans had been moved by a poll released Thursday that showed Republican approval ratings cratering. "We read the newspapers," Rogers said.
The Senate is working on its own plan to end the crisis. According to Politico, senators want a longer-term solution than the one the House is proposing.
Ideas being exchanged include a one-year extension of government funding at sequestration levels with more agency spending flexibility, a long-term debt limit increase of more than a year and a repeal of Obamacare’s medical device tax, changes to the Independent Payment Advisory Board and income means testing for Obamacare subsidies.
An unnamed political person emailed Politico's Mike Allen on Friday morning, saying, "Reid is running show. Working on deal w/ Senate Rs, to ram down House throat." Obama met with Senate Republicans for an hour and a half on Friday. According to The National Review, House Republicans want to move quickly before Senate Republicans get "buzz" for voting on their own plan.