Compromise Proposed By Bipartisan House Group

A bipartisan group of lawmakers is proposing to House Republican and Democratic leaders a compromise to end the government shutdown by repealing a medical device tax and maintaining across-the-board spending cuts.

Representatives Charlie Dent, a Pennsylvania Republican, and Ron Kind, a Wisconsin Democrat, are leading a group of 20 lawmakers who sent House Speaker John Boehner and Minority Leader Nancy Pelosi a letter today offering the compromise.

“It is time that we break this impasse,” the lawmakers said in the letter.

While the medical device proposal has drawn support from Democrats in both chambers, Charles Schumer, the Senate’s No. 3 Democrat, said his party won’t accept a bill to fund the government that contains measures related to President Barack Obama’s health-care law.

The offer comes as more than a dozen House Republicans who want to drop attempts to undermine the health-care law and reopen the government are meeting among themselves and with Boehner.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu