• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Subscribe

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
  • Technologies
    • Artificial Intelligence (AI)
    • Cardiovascular
    • Orthopedics
    • Neurological
    • Diabetes
    • Surgical Robotics
  • Business & Finance
    • Wall Street Beat
    • Earnings Reports
    • Funding Roundup
    • Mergers & Acquisitions
    • Initial Public Offering (IPO)
    • Legal News
    • Personnel Moves
    • Medtech 100 Stock Index
  • Regulatory & Compliance
    • Food & Drug Administration (FDA)
    • Recalls
    • 510(k)
    • Pre-Market Approval (PMA)
    • MDSAP
    • Clinical Trials
  • Special Content
    • Special Reports
    • In-Depth Coverage
    • DeviceTalks
  • Podcasts
    • MassDevice Fast Five
    • DeviceTalks Weekly
    • OEM Talks
      • AbbottTalks
      • Boston ScientificTalks
      • DeviceTalks AI
      • IntuitiveTalks
      • MedtechWOMEN Talks
      • MedtronicTalks
      • Neuro Innovation Talks
      • Ortho Innovation Talks
      • Structural Heart Talks
      • StrykerTalks
  • Resources
    • About MassDevice
    • DeviceTalks
    • Newsletter Signup
    • Leadership in Medtech
    • Manufacturers & Suppliers Search
    • MedTech100 Index
    • Videos
    • Webinars
    • Whitepapers
    • Voices
Home » No medical device tax repeal as Senate reaches deal to end shutdown

No medical device tax repeal as Senate reaches deal to end shutdown

October 16, 2013 By Brad Perriello

FLASH: Markets rally on Senate deal to end shutdown

Senate leaders reached a deal to end the federal shutdown and avoid default on the U.S. government’s debts, Politico is reporting, sending U.S. stock markets up.

The Dow Jones index rose 1.3% to 15,371.08, the S&P 500 jumped 1.4% to 1,721.18 and the NASDAQ exchange posted a 1.2% increase to 3,837.93 after the news broke today.

The U.S. House immediately began to debate the Senate deal, brokered by majority leader Sen. Harry Reid (D-Nev.) and minority leader Sen. Mitch McConnell (R-Ky.), Politico reported, citing "several sources familiar with the talks."

The measure would reopen the government through Jan. 15, 2014, lift the debt ceiling through Feb. 7 and create a budget committee with a report due Dec. 13, according to the website. It includes a McConnell provision allowing Congress to vote on increasing the debt ceiling and pay furloughed federal workers the back pay they’ve been denied during the shutdown, according to Politico. The measure would also strengthen the income verification requirements for people seeking health insurance subsidies, the website reported.

But the Reid/McConnell compromise does not affect Obamacare or the medical device tax, unlike prior proposals that would have repealed or delayed the 2.3% sales tax on prescribed medical devices.

Filed Under: News Well Tagged With: Government shutdown, U.S. Congress

More recent news

  • Medtronic Diabetes names CFO with consumer experience ahead of separation
  • Preceptis Medical has a new CEO as it advances ear tube tech
  • FDA clears first over-the-counter cuffless blood pressure monitor
  • Mendaera wins FDA clearance for robotic needle placement
  • Johnson & Johnson seeks to have $442 million antitrust verdict tossed out

Primary Sidebar

“md
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest med device regulatory, business and technology news.

DeviceTalks Weekly

See More >

MEDTECH 100 Stock INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion
Drug Discovery & Development
Pharmaceutical Processing World
MedTech 100 Index
R&D World
Medical Design Sourcing

DeviceTalks Webinars, Podcasts, & Discussions

Attend our Monthly Webinars
Listen to our Weekly Podcasts
Join our DeviceTalks Tuesdays Discussion

MASSDEVICE

Subscribe to MassDevice E-Newsletter
Advertise with us
About
Contact us

Copyright © 2025 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Privacy Policy