Senate leaders' talks suspended to let House Republicans work

Senate Majority Leader Harry ReidHarry Mason ReidFive takeaways from testy Heller-Rosen debate in Nevada Major overhauls needed to ensure a violent revolution remains fictional Senate heads home to campaign after deal on Trump nominees MORE (D-Nev.) and Minority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellMeghan McCain calls Russian attacks against her father the 'highest compliment' to her family Schumer: Fight for Senate is 'neck and neck' Nikki Haley powerfully rebuts Trump MORE (R-Ky.) on Tuesday suspended their recent talks as the Senate GOP sought to give House Republicans more time to work on their own play to raise the debt ceiling and end the government shutdown, an aide said.

But neither side has much time to craft a new solution, with a possible default looming on Thursday.

The Treasury Department has warned it will not have the flexibility to pay all of the nation’s bills on Oct. 17.

House Republican leaders on Tuesday announced their own plan to fund the government through Jan. 15 and raise the debt ceiling to Feb. 7.

It would also make changes to ObamaCare by delaying for two years a new tax on medical devices, and by stripping premium subsidies from lawmakers, Cabinet officials and the president and vice president.

It’s not clear House leaders have the votes to pass the plan, however, with conservatives demanding changes and the White House and Democrats rejecting it.

Senate leaders had appeared close to a tentative deal on the debt limit and shutdown, but nothing has been announced.

“I would be very cautious. Nothing has been agreed to,” a source familiar with discussions said.

--This report was updated at 3:50 p.m.