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

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Amid shutdown stalemate, hope over debt limit
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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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47 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

1 day ago

Democrats are Doomed (Unless They Make the Minimum Wage the #1 November Election Issue)

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If you were the Democrats and you were looking for a good vote-getting midterm election issue, what criteria would you use? How about an issue with 70-80% support in polls? How about one that is bipartisan--supported by Republicans like Mitt Romney, Tim Pawlenty, Rick Santorum and Bill O'Reilly? How about one that is national in scope, with plenty of local, grassroots energy? What about one that is simple an ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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10

1 day ago

GOP Rep Says He Voted To Reauthorize Violence Against Women Act, Leaves Out Key Detail

Aug 29 2014 2:03pm CDT | Source: Politics - The Huffington Post

WASHINGTON -- Senate Minority Leader Mitch McConnell (Ky.) isn't the only congressional Republican up for re-election who is touting his support for the Violence Against Women Act without mentioning that he didn't vote for the reauthorization's beefed-up version. Rep. Steve Southerland (R-Fla.), who faces a strong challenge from Democrat Gwen Graham, released a new ad Friday in which a campaign supporter says Southerland "is advocating fo ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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9

1 day ago

Cory Gardner's Immigration Betrayal Not Looking So Hot Right Now

Aug 29 2014 12:03pm CDT | Source: Big Government

Rep. Cory Gardner (R-CO) betrayed his generally conservative voting record in voting against a bill to stop President Obama from expanding the Deferred Action for Childhood Arrivals (DACA) program of unilateral amnesty, a move undoubtedly intended to protect his left flank in the competitive Senate race in which race he's locked. But now that the politics of immigration have shifted dramatically under his feet, the vote isn't looking so smart. Case in point: arch ...
Source: Big Government   Full article at: Big Government
 

 
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8

1 day ago

Political Oxymorons -- the Birthplace of Brilliant

Aug 29 2014 9:01am CDT | Source: Politics - The Huffington Post

Jeanine McDonnell, daughter of former Virginia Governor Bob McDonnell, says that her mother has a "mild obsession" with another man. Mild lives in detergent adverts. Obsession gets draped around designer perfume. Put the two words together however and you get something that's kind of interesting -- refined and just a little bit dirty. It's an oxymoron, and in politics, oxymorons get a b ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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7

3 days ago

Tea party reveals hottest political issue of 2014

Aug 27 2014 6:43pm CDT | Source: WND

Multiple new polls show tea-party activists see the border crisis as the most important issue of the 2014 midterm elections, and the movement once known for its insistence upon less spending and smaller government is ready to make border security a critical issue heading into November. Surveys from Gallup, Polling Company Inc. and the Tea Party Patriots show immigration as the top issue for voters ...
Source: WND  Full article at: WND
 

 
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3 days ago

Republicans Threaten To Shut Down The Government If Obama Extends Relief To Immigrants

Aug 27 2014 1:53pm CDT | Source: ThinkProgress

CREDIT: AP/Alex Brandon Rep. Steve King (R-IA) floated the possibility of shutting down the government on Wednesday if President Obama issues an executive action granting deportation relief to more undocumented immigrants. King’s comments come just one day after Sen. Marco Rubio (R-FL) suggested that Republicans in the Senate use “funding mechanisms to address this issue.” “If the president wields ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
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4 days ago

Boehner Haters Head Back to Congress

Aug 27 2014 4:55am CDT | Source: Taegan Goddard's Political Wire

Bloomberg: "Ten of the 12 House Republicans who didn't support John Boehner's 2013 selection as speaker are cruising to November victories, despite the business community's attempts to knock some of them off." "It's an ominous twist in the Republican civil war between the Tea Party and the business community. Neither side had enough power to annihilate the other, so the fight goes ...
Source: Taegan Goddard's Political Wire   Full article at: Taegan Goddard's Political Wire
 

 
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3

4 days ago

Florida Rep. Yoho Wins GOP Race Aiding Tea Party

Aug 26 2014 7:29pm CDT | Source: Newsmax - Politics

U.S. Representative Ted Yoho, a Florida Republican who's aligned with the small-government Tea Party movement and opposed John Boehner's re-election as House speaker, trounced a challenger in a primary today.With only one precinct reporting, Yoho had 76 percent of the vo ...
Source: Newsmax - Politics   Full article at: Newsmax - Politics
 

 
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6 days ago

Standing in the ashes

Aug 24 2014 3:13pm CDT | Source: WND

If in the future America sees another catastrophe perpetrated by terrorists and commentators in the media start asking how could this happen, think back to what I’m about to say. America has a failed foreign policy! I don’t believe for a minute that Iran has stopped working on a nuclear weapons program. Iran supports Hamas and ISIS, ISIL and/or the Islamic State. Iran has given weapons and financial support to both of these groups, although currently ISIS is the richest terrorist group on ...
Source: WND  Full article at: WND
 

 
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1

1 week ago

HUFFPOST HILL - Policing: A Tankless Job

Aug 21 2014 4:27pm CDT | Source: Politics - The Huffington Post

Steve King pointedly noted that there’s no Congressional White Caucus, however there is an informal group known as “Congress.” The GAO thinks the Bowe Bergdahl swap was illegal so we should…send him back? And Paul Ryan told Time Magazine he doesn’t like John Boehner’s tobacco-heavy odor. Don’t be surprised if a wounded Boehner sounds off in Newsweek about his distaste for the smell of whey protein and Brylcreem. This is HUFFPOST HILL for Thursday, August 21st, 20 ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

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