looks now, the government would be reopened according to the senate deal as it stands right now through january 15th, and funded through january 15th. the debt ceiling would be raised until february 7th. budget conference of republicans and democrats would be put through for the budget issues, that date was set for december 13th last night but that is up in the air at this point and the income verification requirements and obama care republicans want that appears to be in the deal right now but carol, of course we can t guarantee that anything that we re talking about right now will actually be in the final deal because things have been changing so much but that s sort of where things stand right now, the big question is how does it all get passed, does harry reid send a piece of paper over with the details in it to house speaker john boehner and he tries to get it through the house and then send it to the senate, but to be really honest with everybody, we just don t know how it s goin
with obama care. income verification requirements that republicans would like to see beefed up to make sure people who are getting subsidiaries deserve to get those subsidiaries as part of hemth care reform. and i talked to one official who said that is not a big deal to this white house. that is not viewed as a major concession given away by the president in exchange for raising the debt kreemg and getting the government re-opened. that is another sign that this deal could work out. but ashleigh, of course, all of this depends on what happens in the house of representatives. it looked like yesterday that john boehner could get together the votes that he needed. but that didn t work out. we re not there yet. not to the finish line. it autos not ev it s not even noon. if all of this works out, it will be interesting to see how the president responds to all of this. the president throughout all of this has said i m not doing major concessions in exchange
honestly. no one knows how any plan that comes from the senate could be received by more conservative members of the senate and in the house, by the republican-controlled house. we have every angle covered for you this morning. let s start with senior white house correspondent jim acosta at the white house. good morning, jim. reporter: senate leaders harry reid and mitch mcconnell are busy working on a deal to prevent the government from going into default. here is what the deal looks like right now. just got this from a senate gop source. let s put this up on screen. the government would be re-opened and funded through january 15th. the debt ceiling would be raised until february 7th, a new budget commission would be created presumably to work through this breyer patch. also, income verification requirements for the new health care law and sequester flexibility, giving agencies
time is money. this is going to be very costly to our economy, even if eventually we do lift the debt ceiling, the cost in interest payments will be in the billions of dollars. this republican sabotaging of any effort to move forward is a luxury our country cannot afford. strong words from nancy pelosi. let me show you exactly what s in the potential senate deal to end the stalemate. it would reopen the government, keep it running through mid-january. the debt ceiling would be extended till early february. there could be some slight changes to obama care but nothing near what some conservative republicans have been pushing for. those possible tweaks include new income verification requirements for people seeking health care you be sids and getting the transitional reinsurance fee which would cost employers about $65 per employee