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...

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41 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

7 hours ago

John McCain: It's 'Sad' How Obama Is Full Of 'Self-Pity'

Jul 24 2014 8:51am CDT | Source: Politics - The Huffington Post

President Obama Visits Austin
Sen. John McCain (R-Ariz.) lamented the state of Barack Obama's mind on Wednesday, remarking that the second-term president seems to be filled with "self-pity." "The self-pity that Obama continues to exhibit is really kind of sad, really," McCain told Fox News' Greta Van Susteren. The Arizona Republican was responding to comments Obama made at a fundraiser in Califo ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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10

9 hours ago

Obama Warns Democrats to Avoid Repeat of 2010 Midterm Elections

Jul 24 2014 6:56am CDT | Source: Big Government

John Boehner Holds Media Briefing At The Capitol
At a fundraiser in California, President Obama lamented that Democrats tend to forget about the midterm elections, reminding supporters of the Republican sweep in 2010. "During midterm elections, people don’t even know there’s an election -- don’t know who their congressman is, don’t know who their senators are," he complained. "And as a consequence, the other side tends to vote at higher rates." Obama said that the Democratic electorate ...
Source: Big Government   Full article at: Big Government
 

 
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9

1 day ago

Senate Republicans Advance Key Part Of Obama’s Budget, Two Years Later

Jul 23 2014 12:49pm CDT | Source: ThinkProgress

John Boehner Holds Media Briefing At The Capitol
Senate Minority Leader Mitch McConnell of Ky., center, speaks to reporters on Capitol Hill in Washington, Tuesday, Feb. 25, 2014. CREDIT: AP More than two years after President Obama called on Congress to curb corporate offshoring, the Bring Jobs Home Act will finally get a debate in Congress after the Senate voted 93-7 to advance the bill on Wednesday. If the bill were to become law, corporations would lose the ability to deduct the ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
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8

2 days ago

In Washington, it's Politics vs. Problem Solving

Jul 22 2014 11:28am CDT | Source: Politics - The Huffington Post

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How bad have things gotten in Washington? Two of the most basic functions of government are to protect the country's borders and to maintain the nation's infrastructure. The federal government can't do either one. Why not? One word: politics. President Obama's diminished authority is one problem. When the President's job approval number is up, the President has clout. He can get what he wants out of Congress. T ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
7

3 days ago

Laura Ingraham Rips McCaul Border Bill

Jul 21 2014 4:26pm CDT | Source: Big Government

John Boehner Holds Media Briefing At The Capitol
Nationally syndicated radio host Laura Ingraham lit into an immigration proposal from House Homeland Security Committee Chairman Michael McCaul (R-TX) Monday, saying it would actually weaken border security. The proposal, which a group of lawmakers appointed by Speaker John Boehner have included in forthcoming recommendations to the GOP conference, is becoming a flash point in the intra-Republican debate over ho ...
Source: Big Government   Full article at: Big Government
 

 
Update
5

3 days ago

HUFFPOST HILL - E Pluribus Mumbo Sauce

Jul 21 2014 3:59pm CDT | Source: Politics - The Huffington Post

John Boehner Holds Media Briefing At The Capitol
President Obama supports D.C. statehood, because the arc of history is long, but it bends toward someone saying "Mumbo sauce" on the Senate floor. Senate inaction has lead to boredom and depression amongst its members, so if you tune to C-SPAN 2 and catch Jon Tester and Mark Begich idly tossing Swedish fish into each other's mouths while John Cornyn crochets at his chamber desk, that's why. And Rand Paul has been vociferousl ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
4

3 days ago

Members Of Congress Take ‘Minimum Wage Challenge’ To Live Off Reduced Budget For A Week

Jul 21 2014 11:07am CDT | Source: ThinkProgress

Ted Strickland Takes RV Campaign Tour Of Southeastern Ohi
CREDIT: Shutterstock Since he began his minimum wage challenge on Sunday, former Ohio Governor Ted Strickland, now president of the Center for American Progress Action Fund, has had eggs and toast, a bowl of cereal with a peanut butter and jelly sandwich, and a banana. On Monday, he came to work with a bologna and cheese sandwich and a banana. “I’m not sure what I’m going to have for supper,” he told ThinkProgress. This is not a typical menu for ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
3

3 days ago

Obama Signs Executive Order On LGBT Job Discrimination

Jul 21 2014 9:50am CDT | Source: Politics - The Huffington Post

President Obama Visits Austin
WASHINGTON -- President Barack Obama on Monday signed an executive order banning workplace discrimination against millions of lesbian, gay, bisexual and transgender employees of federal contractors and the federal government. The executive order has two parts: It makes it illegal to fire or harass employees of federal contractors based on their sexual orientation or gender identity, and it explicitly bans discrimination against transgender employees of the federal government. The par ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

3 days ago

Obama's Prerogative to Pump the Gas on Executive Action

Jul 21 2014 8:59am CDT | Source: Politics - The Huffington Post

Obama Signs Condolence Book
President Obama stated in his 2014 State of the Union address that "whenever and wherever I can take steps without legislation to expand opportunity; that is what I'm going to do." Congressional Republicans are unsurprisingly trying to put the brakes on the President's efforts. Shortly after President Obama came into office Mitch McConnell, Senate Republican leader, said that "the si ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

3 days ago

UN 'Relief' Agency Returns Confiscated Terror Rockets to Hamas

Jul 20 2014 8:35pm CDT | Source: Big Government

EE British Academy Film Awards 2014 - Winners Room
The United Nations Relief Works Agency, the organization of the world body dedicated solely to Palestinian ‘refugees,’ announced that the 20 Hamas terror rockets found hidden inside a UNWRA run school on Thursday have been returned to Hamas.   In its current war against Israeli civilians, Hamas has fired more than 2,000 missiles against the Jewish state. UNRWA is funded almost entirely by taxpayers from the European Union and the United States. Both the EU and th ...
Source: Big Government   Full article at: Big Government
 

 

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