These excerpts are from the National Journal Toolbox,which is produced every Thursday by the National Journal’s Daily Briefings Team.
- House Speaker John Boehner, R-Ohio, proposed Thursday morning a short-term plan that would raise the debt ceiling through Nov. 22.
- Look ahead: If enough House Republicans back the proposal, the House could vote as soon as Thursday evening. Jason Furman, chairman of the White House Council of Economic Advisers, said the Obama administration prefers a longer-term deal.
- Treasury Secretary Jacob Lew warned during a Senate Finance Committee hearing Thursday that “irrevocable damage” could result from the United States defaulting on its obligations.
- Look ahead: Moody's Investors Service downplayed the risk of default, saying that the government would prioritize what bills to pay, even though the Obama administration has panned such an approach.
- President Obama met Wednesday with House Democrats, and is expected to meet separately Thursday with House Republicans and Senate Democrats; a meeting with Senate Republicans is slated for Friday.
- House Speaker John Boehner is expected to appoint members to a joint conference on the farm bill, with House Agriculture Committee Chairman Frank Lucas, R-Okla., calling for a meeting between top negotiators in advance.
- Supreme Court justices appeared divided when they heard arguments in McCutcheon v. Federal Election Commission, a case that could further loosen campaign finance restrictions.
- U.S. Trade Representative Michael Froman said that in addition to impeding trade discussions, the government shutdown is "hurting the American economy and the creation of American jobs."
- The American Petroleum Institute is challenging the renewable-fuel standard in court saying that the mandate is “unrealistic.”
The National Journal Toolbox is produced every Thursday by Courtney McBride, Jordain Carney, Alex Brown, Clare Foran, and Sophie Novack with National Journal’s Daily Briefings Team. Read the complete October 10, 2013, edition here.