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

 
 
 

1 year 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

3 weeks ago

2014 Campaign Ads: The Best, The Weirdest, The Worst

Nov 4 2014 4:13pm CST | Source: Politics - The Huffington Post

With another midterm election very nearly in the books, it's time to take stock of the cycle's campaign ads. The best of the best inspired us with full-hearted positivity, shrewd arguments and personal stories that humanized the candidates. The worst of the bunch featured easily punctured deceptions, shameless exploitation of tragedies real and imagined, and desperate measures undertaken by justifiably doomed com ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
10

3 weeks ago

The Price of Failure and Rise of Extremism: How Democrats Blew It

Nov 4 2014 8:09am CST | Source: Politics - The Huffington Post

Politicians of all stripes since the dawn of time have perfected the art of feigned regret and false outrage in the face of opposition, while embracing blind indifference to their own failures. Standard fare for the left and right. But the depth, intensity, and institutionalized hypocrisy of the political right has taken our country on a new course; conservatives are writing a new chapter if not a new b ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
9

3 weeks ago

What a Republican Senate Would Mean for World Politics

Nov 4 2014 7:54am CST | Source: Politics - The Huffington Post

On Tuesday, when tens of millions of US voters go to the polls, they are very likely to deliver a US Senate majority to the Republican Party. Six years into the administration of Democratic President Barack Obama and four years after the midterm elections that delivered control of the US House of Representatives to the Republicans and conservative Speaker John Boehner, most polls and poll aggrega ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

3 weeks ago

Senate Control Is The Top Prize In The Midterm Election

Nov 4 2014 7:37am CST | Source: Politics - The Huffington Post

WASHINGTON (AP) — Public campaigning gave way to the privacy of the voting booth Tuesday with control of the Senate, the makeup of the House and three dozen governorships at stake. President Barack Obama, his approval ratings low, was not on the ballot midway through his second term. But even he said his policies were, and Republicans rushed to agree. "The president's policies have just flat-out failed," House Speaker John Boehne ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
7

3 weeks ago

Against Obama, but for what?

Nov 3 2014 6:17pm CST | Source: WND

After billions in attack ads that turned the approval ratings of almost every candidate, in both parties, upside down, Republicans appear primed to take control of Congress. Why are Democrats falling like dominoes? Easy. Theirs is the Party of Government. And government is failing. And their leader Obama projects diffidence and incompetence. National surveys also show that large majorities believe America is heading in the wrong direction, that our children will not have it as g ...
Source: WND  Full article at: WND
 

 
Update
5

3 weeks ago

Blacking Out the Vote

Nov 3 2014 3:54pm CST | Source: Politics - The Huffington Post

Voters are facing an ugly surprise on their way to the voting booth on Tuesday. What most people don't realize is that since 2006, some 34 state legislatures have worked diligently to chip away at the fundamental right to vote -- and overwhelmingly, people of color are the target. This year alone, 14 states have implemented legislation that would end same-day voter registration, limit early voting, and require voters to present forms of ID that many voters lack and ca ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
4

3 weeks ago

Vladimir Putin's Military Is Buzzing Europe Because Sanctions Are Working

Nov 3 2014 1:42pm CST | Source: Politics - The Huffington Post

Not a day goes by without hearing a story about some Russian military craft getting closer to a NATO country. Many in the West wonder why. Could it be that Vladimir Putin intends to swallow up Europe? Is he flexing his muscles once again? Is it a test of President Barack Obama's leadership? Is it about creating dissension in the ranks? Actually, none of these are likely to be the reason. Putin is likely directing ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

3 weeks ago

Vote/Voto!

Nov 3 2014 8:23am CST | Source: Politics - The Huffington Post

It's a race to the finish line, but Republicans seem to have a decisive edge in Tuesday's midterm elections. Should the Republicans gain control of the Senate, they will control both houses of Congress and the consequences will be dramatic. Turnout in the 2014 midterm elections may reach a record low. Yet, the outcome may affect every American. The gridlock that currently plagues Washington will only increase ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

3 weeks ago

They Hope You Won't Wake Up

Nov 3 2014 6:34am CST | Source: Politics - The Huffington Post

Here's the bottom line. The Tea Party Republicans and their Big Business and Wall Street allies plan to grab what they want while ordinary people sleep through this election. They want ordinary Americans to stay home on Election Day. To them, high voter turnout is like daylight to a burglar - or for that matter to a vampire. It stops them cold. The corporate CEO's and Wall Street ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

3 weeks ago

Scott Brown: Veterans 'Resent' Jeanne Shaheen for Calling American Troops 'Occupiers'

Oct 31 2014 12:34pm CDT | Source: Big Government

MANCHESTER, New Hampshire — One of the most memorable lines from Thursday evening’s final debate between incumbent Democratic Sen. Jeanne Shaheen (D-NH) and former Sen. Scott Brown came when Brown accused Shaheen of comparing America’s armed forces to “occupiers.” “I don’t think we should take tens of thousands of American troops and put them back into Iraq as an occupying force,” Shaheen said when asked by debate co-moderator George Stephanopoulos of ABC N ...
Source: Big Government   Full article at: Big Government
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

British couple arrested on suspicion of 'terror offences'
London, Nov 27 (IANS) A couple in Britain has been arrested on suspicion of Syria-related "terrorism offences", police said Wednesday.
 
 
Putin says Russia to stay out of geopolitical conflict
Moscow, Nov 27 (IANS) Russian President Vladimir Putin said Wednesday Russia is not a threat to any other countries, vowing that Russia will stay out of any geopolitical conflict.
 
 
Brothers sentenced on terrorism charges in Britain
London, Nov 27 (IANS) Two brothers from London have become the first Britons to be jailed for attending terrorist training in Syria, London's Metropolitan Police said Wednesday.
 
 
Spanish minister resigns after implicated in corruption case
Madrid, Nov 27 (IANS) Spanish Health Minister Ana Mato resigned Wednesday after a judge concluded she had benefited economically from a corruption scandal.
 
 
 

Latest from the Network

Ridley Scott misses his younger brother
Los Angeles, Nov 27 (IANS) Filmmaker Ridley Scott terribly misses his younger brother Tony Scott, who committed suicide in August 2012. The 76-year-old has confessed that he got "very close" to his sibling before he...
Read more on Celebrity Balla
 
British couple arrested on suspicion of 'terror offences'
London, Nov 27 (IANS) A couple in Britain has been arrested on suspicion of Syria-related "terrorism offences", police said Wednesday. The West Midlands Police Wednesday said the couplefrom Walsall in central England...
Read more on Politics Balla
 
Putin says Russia to stay out of geopolitical conflict
Moscow, Nov 27 (IANS) Russian President Vladimir Putin said Wednesday Russia is not a threat to any other countries, vowing that Russia will stay out of any geopolitical conflict. "We are not threatening anyone and we...
Read more on Politics Balla
 
Brothers sentenced on terrorism charges in Britain
London, Nov 27 (IANS) Two brothers from London have become the first Britons to be jailed for attending terrorist training in Syria, London's Metropolitan Police said Wednesday. Mohommod Hassin Nawaz,31, was sentenced...
Read more on Politics Balla
 
Spanish minister resigns after implicated in corruption case
Madrid, Nov 27 (IANS) Spanish Health Minister Ana Mato resigned Wednesday after a judge concluded she had benefited economically from a corruption scandal. "I have decided to present my resignation as minister of...
Read more on Politics Balla
 
Nicole Kidman wants four more kids
Los Angeles, Nov 27 (IANS) Actress Nicole Kidman already has four children, and she'd love to have four more. The 47-year-old, who is a mother of an adopted daughter and son, Isabella and Connor from her previous...
Read more on Celebrity Balla
 
Apple Black Friday Deals are on Sale in MacMall Black Friday 2014 Sale
Apple reseller MacMall has launched their massive 60 Hour Black Friday 2014 Sale.Savings on Apple MacBook Pro with Retina reach $300. While Best Buy and others offer Black Friday deals on lower end models, MacMall lets...
Read more on Apple Balla
 
NewEgg Black Friday 2014 Sale launched
The NewEgg Black Friday 2014 starts at 1pm PT. This is in a couple of minutes. Get your mouse ready and load up newegg.com in your browser.NewEgg has released a NewEgg Black Friday 2014 Ad a couple days ago.The NewEgg...
Read more on Black Friday Countdown
 
Kanye West delays flight and doesn't say sorry
Kanye West delayed an aeroplane flight and refused to apologise to fellow passengers. The hip-hop superstar was travelling from Paris, France to Helsinki, Finland yesterday morning (11.25.14) and despite boarding the...
Read more on Celebrity Balla
 
Damian Lewis likens OBE to being a prefect
Damian Lewis has likened receiving an OBE to ''being asked to be a prefect''. The 'Homeland' star was handed the prestigious civilian award by Britain's Duke of Cambridge during a ceremony staged at Buckingham Palace...
Read more on Celebrity Balla