Earlier, an attempt by Democrats to force shutdown-ending legislation to the House floor failed on a 227-197 vote, with all Republicans in opposition. That left intact the tea party-driven strategy of demanding changes to the nation’s health care overhaul as the price for essential federal financing, despite grumbling from Republican moderates.
The stock market ended lower as Wall Street CEOs, Europe’s central banker and traders pressed for a solution before serious damage is done to the economy.
Chief executives from the nation’s biggest financial firms met Obama for more than an hour Wednesday, some of them plainly frustrated with the tactics at play in Congress and with the potential showdown coming over the debt limit.
“You can re-litigate these policy issues in a political forum, but we shouldn’t use threats of causing the U.S. to fail on its obligations to repay its debt as a cudgel,” Lloyd Blankfein, CEO of Goldman Sachs, said after the meeting.
Democrats were scathing in their criticism.
“The American people would get better government out of Monkey Island at the local zoo than we’re giving them today,” said Rep. John Dingell of Michigan.
The Republican National Committee announced it would pay for personnel needed to reopen the World War II Memorial, a draw for aging veterans from around the country that is among the sites shuttered. In a statement, party chairman Reince Priebus challenged Democrats “to join with us in keeping this memorial open.”
Democrats labeled that a stunt. “We’ve already been working on a plan to open the Memorial — and the entire government — after the GOP caused them to close,” said party spokesman Mo Elleithee. “It’s called a clean” spending bill.
As it turned out, more than 125 World War II veterans from Mississippi and Iowa who were initially kept out of the memorial Tuesday were escorted to the site with the help of members of Congress. Officials made further arrangements to allow veterans groups into the memorial during the shutdown.