360° Coverage : Amid shutdown stalemate, hope over debt limit

11 Updates
Amid shutdown stalemate, hope over debt limit
Photo Credit: , Getty Images

Amid shutdown stalemate, hope over debt limit

Oct 4 2013, 12:00am CDT | by IANS

Washington, Oct 4 (IANS) As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of hope emerged on the looming debt limit crisis.

Washington, Oct 4 — As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of...

Filed under: news

YouTube Videos

 
 
 

51 weeks ago

Amid shutdown stalemate, hope over debt limit

Oct 4 2013, 12:00am CDT | by IANS

Washington, Oct 4 (IANS) As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of hope emerged on the looming debt limit crisis.

Washington, Oct 4 — As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of hope emerged on the looming debt limit crisis.

House Speaker John Boehner, whom Obama Thursday challenged to quickly hold a vote on a "clean" spending bill with no conditions to dump or delay his signature healthcare law, was reported to have told fellow Republicans he won't let the nation default on its debt.

Boehner, according to various media reports, told party legislators at a private gathering that he would be willing to rely on Democrats to do so by setting aside the so called "Hastert Rule" by which Republicans bring only those measures for a vote that are backed by a majority of their caucus.

Congressional Republicans remain divided on how to structure legislation to raise the federal debt ceiling to avoid having the US default on its obligations. Officials say US is set to run out of money to cover its roughly $16.7 trillion debt by Oct 17.

Boehner's reported willingness to turn to Democrats to prevent a US debt default came shortly after Obama and his Treasury Department warned that a default on US debts would be worse than the closure and could trigger another global financial crisis like the one in 2008.

"As reckless as a government shutdown is... an economic shutdown that results from default would be dramatically worse," Obama said during an appearance Thursday at a construction company in Rockville, Maryland, just outside of Washington.

With no end to the stalemate in sight, Obama suggested Boehner is preventing a vote on a funding bill because he doesn't want to anger tea party "extremists" in his party, who want to derail his signature healthcare law.

Boehner is the only thing standing in the way of reopening the federal government, he said calling on the Republican leader to bring a "clean" bill before the House and predicting it would pass with bipartisan support.

Democratic controlled Senate has rejected three attempts by Republican-run House to pass a bill paying for government services while also trying to delay all or parts of the health care law.

Obama and other Democrats have said they're willing to negotiate a broad budget deal that could include tax reforms and other matters, but only willing after the government reopens.

"This whole thing is about one thing," Obama said. "The Republican obsession with dismantling the Affordable Care Act."

The longer the shutdown goes on, the worse the impact on the US economy will be, Obama said as the Treasury Department warned amid an impasse over raising the country's debt-limit that mere prospect of default endangers economy.

"Political brinksmanship that engenders even the prospect of a default can be disruptive to financial markets and American businesses and families," the Treasury Department said in a report released Thursday.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 
Update
11

2 days ago

Conservative lawmakers secretly plot to oust John Boehner

Sep 24 2014 5:00am CDT | Source: TheHill

For months, several clusters of conservative lawmakers have been secretly huddling inside and outside the Capitol, plotting to oust John Boehner from the Speaker’s office when House Republicans regr ...
Source: TheHill   Full article at: TheHill
 

 
Update
10

3 days ago

Calm Settles On Washington As U.S. Bombs Syria

Sep 23 2014 6:20pm CDT | Source: Politics - The Huffington Post

WASHINGTON -- Monday night marked the beginning of another U.S. war in the Middle East -- one with no specified time frame, no estimated price tag, lingering questions about its legality and concerns about the mission. The political world couldn't be more supportive. In the hours after a U.S.-led coalition launched a major bombing campaign against Islamic State militants in Syria, lawmakers and administration officials were lining up to praise President Barack Obama's actions a ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
9

3 days ago

Rand Paul: 'Constitution Requires' Congressional Authorization for Obama to Attack ISIS

Sep 23 2014 10:51am CDT | Source: Big Government

Sen. Rand Paul (R-KY) said in a statement Tuesday that he supports military actions against ISIS—like the airstrikes President Obama just launched—but that the Constitution requires Obama to obtain congressional approval for such action. "I support military action against ISIS but continue to believe the Constitution requires the President to receive Congressional authorization," Paul said in a statement provided to Breitbart News. President Obam ...
Source: Big Government   Full article at: Big Government
 

 
Update
8

4 days ago

House GOP Leaders Rush To Publicly Back Obama’s Syrian Airstrikes On ISIS Despite Lack Of Congressional Approval

Sep 23 2014 3:07am CDT | Source: Big Government

The current and immediate past chairmen of the House Homeland Security Committee have publicly backed President Barack Obama’s airstrikes against ISIS in Syria, despite the fact the president did not seek congressional approval for them “When in times of war and of peace it is important that we come together as a nation,” Rep. Mike McCaul (R-TX), the current chairman of the House Homeland Security Committee, said in a statement late Mon ...
Source: Big Government   Full article at: Big Government
 

 
Update
7

4 days ago

America -- poised for collapse

Sep 22 2014 6:46pm CDT | Source: WND

America stands on the very brink of collapse, and I believe the indications are such that if she doesn’t collapse in my lifetime, she will in my son’s. If that scares you, it should. America is in trouble such as she has never experienced in her history, and it is trouble of our own making. I could lie to you and subscribe to falsities such as if we get rid of Obama and replace him with a “you fill in the blank” or if the Repu ...
Source: WND  Full article at: WND
 

 
Update
5

4 days ago

GOP fumes over Lerner remarks

Sep 22 2014 4:22pm CDT | Source: POLITICO

John Boehner's staff post a blog calling h ...
Source: POLITICO   Full article at: POLITICO
 

 
Update
4

4 days ago

1 In 5 Workers Laid Off In Past 5 Years Still Unemployed, Survey Finds

Sep 22 2014 12:38pm CDT | Source: Politics - The Huffington Post

WASHINGTON -- Twenty-two percent of workers laid off in the past five years are still unemployed, according to a new survey. The John J. Heldrich Center for Workforce Development at Rutgers University surveyed more than 1,100 workers, including nearly 400 who are unemployed. A slim majority of laid-off workers in the survey, or 54 percent, said they received unemployment insurance when they lost their jobs. However, 83 percent of those ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

1 week ago

Every Senate Republican Votes To Stop Obama’s Immigration Relief

Sep 19 2014 10:55am CDT | Source: ThinkProgress

CREDIT: Screengrab Every Republican senator voted in support of a (failed) effort to thwart President Obama’s executive action on immigration Wednesday. The largely symbolic procedural vote would have allowed senators to bring up a subsequent vote to block Obama’s authority to expand immigration relief in the absence of congressional reform. But Republican unanimity on the anti-immigrant measure stands in stark contra ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
2

1 week ago

Republicans May Change Rules to Save Boehner

Sep 19 2014 7:04am CDT | Source: Taegan Goddard's Political Wire

"House Republicans are quietly discussing a proposal that could fundamentally alter the way future speakers of the House are chosen, according to multiple GOP sources, with the objective of avoiding a repeat of John Boehner's embarrassing reelection vote in 2013," National Journal reports. "Under the proposed tweak, any Republican who votes on the House floor in January against the conference's nominee for House speaker - that is, the candidate chose ...
Source: Taegan Goddard's Political Wire   Full article at: Taegan Goddard's Political Wire
 

 
Update
1

1 week ago

Republicans May Changes Rules to Save Boehner

Sep 19 2014 7:04am CDT | Source: Taegan Goddard's Political Wire

"House Republicans are quietly discussing a proposal that could fundamentally alter the way future speakers of the House are chosen, according to multiple GOP sources, with the objective of avoiding a repeat of John Boehner's embarrassing reelection vote in 2013," National Journal reports. "Under the proposed tweak, any Republican who votes on the House floor in January against the conference's nominee for House speaker - that is ...
Source: Taegan Goddard's Political Wire   Full article at: Taegan Goddard's Political Wire
 

 

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Amid shutdown stalemate, hope over debt limit - Politics Balla
 

360° Coverage : Amid shutdown stalemate, hope over debt limit

11 Updates
Amid shutdown stalemate, hope over debt limit
Photo Credit: , Getty Images

Amid shutdown stalemate, hope over debt limit

Oct 4 2013, 12:00am CDT | by IANS

Washington, Oct 4 (IANS) As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of hope emerged on the looming debt limit crisis.

Washington, Oct 4 — As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of...

Filed under: news

YouTube Videos

 
 
 

51 weeks ago

Amid shutdown stalemate, hope over debt limit

Oct 4 2013, 12:00am CDT | by IANS

Washington, Oct 4 (IANS) As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of hope emerged on the looming debt limit crisis.

Washington, Oct 4 — As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending bill to end the government shutdown, a ray of hope emerged on the looming debt limit crisis.

House Speaker John Boehner, whom Obama Thursday challenged to quickly hold a vote on a "clean" spending bill with no conditions to dump or delay his signature healthcare law, was reported to have told fellow Republicans he won't let the nation default on its debt.

Boehner, according to various media reports, told party legislators at a private gathering that he would be willing to rely on Democrats to do so by setting aside the so called "Hastert Rule" by which Republicans bring only those measures for a vote that are backed by a majority of their caucus.

Congressional Republicans remain divided on how to structure legislation to raise the federal debt ceiling to avoid having the US default on its obligations. Officials say US is set to run out of money to cover its roughly $16.7 trillion debt by Oct 17.

Boehner's reported willingness to turn to Democrats to prevent a US debt default came shortly after Obama and his Treasury Department warned that a default on US debts would be worse than the closure and could trigger another global financial crisis like the one in 2008.

"As reckless as a government shutdown is... an economic shutdown that results from default would be dramatically worse," Obama said during an appearance Thursday at a construction company in Rockville, Maryland, just outside of Washington.

With no end to the stalemate in sight, Obama suggested Boehner is preventing a vote on a funding bill because he doesn't want to anger tea party "extremists" in his party, who want to derail his signature healthcare law.

Boehner is the only thing standing in the way of reopening the federal government, he said calling on the Republican leader to bring a "clean" bill before the House and predicting it would pass with bipartisan support.

Democratic controlled Senate has rejected three attempts by Republican-run House to pass a bill paying for government services while also trying to delay all or parts of the health care law.

Obama and other Democrats have said they're willing to negotiate a broad budget deal that could include tax reforms and other matters, but only willing after the government reopens.

"This whole thing is about one thing," Obama said. "The Republican obsession with dismantling the Affordable Care Act."

The longer the shutdown goes on, the worse the impact on the US economy will be, Obama said as the Treasury Department warned amid an impasse over raising the country's debt-limit that mere prospect of default endangers economy.

"Political brinksmanship that engenders even the prospect of a default can be disruptive to financial markets and American businesses and families," the Treasury Department said in a report released Thursday.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 
Update
11

2 days ago

Conservative lawmakers secretly plot to oust John Boehner

Sep 24 2014 5:00am CDT | Source: TheHill

For months, several clusters of conservative lawmakers have been secretly huddling inside and outside the Capitol, plotting to oust John Boehner from the Speaker’s office when House Republicans regr ...
Source: TheHill   Full article at: TheHill
 

 
Update
10

3 days ago

Calm Settles On Washington As U.S. Bombs Syria

Sep 23 2014 6:20pm CDT | Source: Politics - The Huffington Post

WASHINGTON -- Monday night marked the beginning of another U.S. war in the Middle East -- one with no specified time frame, no estimated price tag, lingering questions about its legality and concerns about the mission. The political world couldn't be more supportive. In the hours after a U.S.-led coalition launched a major bombing campaign against Islamic State militants in Syria, lawmakers and administration officials were lining up to praise President Barack Obama's actions a ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
9

3 days ago

Rand Paul: 'Constitution Requires' Congressional Authorization for Obama to Attack ISIS

Sep 23 2014 10:51am CDT | Source: Big Government

Sen. Rand Paul (R-KY) said in a statement Tuesday that he supports military actions against ISIS—like the airstrikes President Obama just launched—but that the Constitution requires Obama to obtain congressional approval for such action. "I support military action against ISIS but continue to believe the Constitution requires the President to receive Congressional authorization," Paul said in a statement provided to Breitbart News. President Obam ...
Source: Big Government   Full article at: Big Government
 

 
Update
8

4 days ago

House GOP Leaders Rush To Publicly Back Obama’s Syrian Airstrikes On ISIS Despite Lack Of Congressional Approval

Sep 23 2014 3:07am CDT | Source: Big Government

The current and immediate past chairmen of the House Homeland Security Committee have publicly backed President Barack Obama’s airstrikes against ISIS in Syria, despite the fact the president did not seek congressional approval for them “When in times of war and of peace it is important that we come together as a nation,” Rep. Mike McCaul (R-TX), the current chairman of the House Homeland Security Committee, said in a statement late Mon ...
Source: Big Government   Full article at: Big Government
 

 
Update
7

4 days ago

America -- poised for collapse

Sep 22 2014 6:46pm CDT | Source: WND

America stands on the very brink of collapse, and I believe the indications are such that if she doesn’t collapse in my lifetime, she will in my son’s. If that scares you, it should. America is in trouble such as she has never experienced in her history, and it is trouble of our own making. I could lie to you and subscribe to falsities such as if we get rid of Obama and replace him with a “you fill in the blank” or if the Repu ...
Source: WND  Full article at: WND
 

 
Update
5

4 days ago

GOP fumes over Lerner remarks

Sep 22 2014 4:22pm CDT | Source: POLITICO

John Boehner's staff post a blog calling h ...
Source: POLITICO   Full article at: POLITICO
 

 
Update
4

4 days ago

1 In 5 Workers Laid Off In Past 5 Years Still Unemployed, Survey Finds

Sep 22 2014 12:38pm CDT | Source: Politics - The Huffington Post

WASHINGTON -- Twenty-two percent of workers laid off in the past five years are still unemployed, according to a new survey. The John J. Heldrich Center for Workforce Development at Rutgers University surveyed more than 1,100 workers, including nearly 400 who are unemployed. A slim majority of laid-off workers in the survey, or 54 percent, said they received unemployment insurance when they lost their jobs. However, 83 percent of those ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

1 week ago

Every Senate Republican Votes To Stop Obama’s Immigration Relief

Sep 19 2014 10:55am CDT | Source: ThinkProgress

CREDIT: Screengrab Every Republican senator voted in support of a (failed) effort to thwart President Obama’s executive action on immigration Wednesday. The largely symbolic procedural vote would have allowed senators to bring up a subsequent vote to block Obama’s authority to expand immigration relief in the absence of congressional reform. But Republican unanimity on the anti-immigrant measure stands in stark contra ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
2

1 week ago

Republicans May Change Rules to Save Boehner

Sep 19 2014 7:04am CDT | Source: Taegan Goddard's Political Wire

"House Republicans are quietly discussing a proposal that could fundamentally alter the way future speakers of the House are chosen, according to multiple GOP sources, with the objective of avoiding a repeat of John Boehner's embarrassing reelection vote in 2013," National Journal reports. "Under the proposed tweak, any Republican who votes on the House floor in January against the conference's nominee for House speaker - that is, the candidate chose ...
Source: Taegan Goddard's Political Wire   Full article at: Taegan Goddard's Political Wire
 

 
Update
1

1 week ago

Republicans May Changes Rules to Save Boehner

Sep 19 2014 7:04am CDT | Source: Taegan Goddard's Political Wire

"House Republicans are quietly discussing a proposal that could fundamentally alter the way future speakers of the House are chosen, according to multiple GOP sources, with the objective of avoiding a repeat of John Boehner's embarrassing reelection vote in 2013," National Journal reports. "Under the proposed tweak, any Republican who votes on the House floor in January against the conference's nominee for House speaker - that is ...
Source: Taegan Goddard's Political Wire   Full article at: Taegan Goddard's Political Wire
 

 

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blog comments powered by Disqus

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