Daily Tax Update - October 11, 2013: No Agreement Yet as Shutdown and Debt Ceiling Talks Continue

No Agreement Yet as Shutdown and Debt Ceiling Talks Continue:  President Obama met with a group of Senate Republicans today. Sen. Charles Grassley (R-IA) reported that the meeting was a "very good discussion."  Grassley added, “Nothing obvious decided, but hope. I'm surprised there may be progress.”  The Senate Republican plan by Sen. Susan Collins (R-ME) would also repeal the medical device tax as well as raising the debt ceiling and ending the government shutdown.  Collins said, “He (President Obama) said it was constructive, but I don’t want to give the impression that he endorsed it. He said there were elements of it that he liked.”

Last night, the House Republicans offered a plan that would establish high-level talks as a two-step process which would set up a vote to reopen the government and a second broader budget aspect that would extend the debt ceiling for six weeks.  A spokesman for House Speaker John Boehner said, “The president and the Speaker spoke by telephone a few minutes ago.  They agreed that we should all keep talking.”

White House spokesman Jay Carney said that Obama and Boehner had “a good conversation, and the two of them agreed all sides need to keep talking on the issues here.”