10 things you need to know today: October 16, 2013

Senators resume debt talks after a House plan unravels, Fitch warns it could downgrade America's credit rating, and more

Capitol
(Image credit: (AP Photo/J. Scott Applewhite))

1. Senators renew debt talks after House scraps vote

Senate leaders resumed their negotiations on ending the government shutdown and extending the debt limit, after House GOP leaders late Tuesday scrapped a vote on their proposal because they couldn't muster enough conservative votes to pass it. Senate leaders are optimistic they can pass a bipartisan deal, but it will be hard to do before the government hits the debt ceiling on Thursday, raising the threat of a potentially disastrous default. [The New York Times]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.