Grassley demands presidential leadership in fiscal negotiations

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Lawmakers are at an impasse on how to pass a continuing resolution (CR) to fund the government, which has been shut down for more than a week. They are also working against an Oct. 17 deadline for raising the nation's borrowing limit. 

Treasury and the White House have warned that if the limit is not lifted, the government could default on its debt, leading to a recession. 

Obama has called for a “clean” debt-ceiling increase and CR, but Republicans want to attach tax reform and entitlement cuts — including to ObamaCare — to any long-term deal.