360° Coverage : Republicans blink over US shutdown?

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Republicans blink over US shutdown?
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Republicans blink over US shutdown?

Oct 9 2013, 11:17pm CDT | by IANS

Washington, Oct 10 (IANS) Just a week away from a looming debt default deadline amid a federal shut down, Republicans are reported to have warmed to the idea of a short-term increase in the country's borrowing limit.

Washington, Oct 10 — Just a week away from a looming debt default deadline amid a federal shut down, Republicans are reported to have warmed to the idea of a short-term increase in the country's...

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1 year ago

Republicans blink over US shutdown?

Oct 9 2013, 11:17pm CDT | by IANS

Washington, Oct 10 (IANS) Just a week away from a looming debt default deadline amid a federal shut down, Republicans are reported to have warmed to the idea of a short-term increase in the country's borrowing limit.

Washington, Oct 10 — Just a week away from a looming debt default deadline amid a federal shut down, Republicans are reported to have warmed to the idea of a short-term increase in the country's borrowing limit.

Key Republican leaders, who had earlier linked passage of a spending bill and raising the US debt ceiling to dumping or delaying President Barack Obama's signature healthcare law, were also said to be ready to abandon the idea and instead are scrambling for a fallback strategy.

The development came Wednesday as conservative Republicans and leaders of the Republican controlled House prepared for their first meeting Thursday with Obama since the government shutdown began ten days ago.

Paul Ryan, 2012 Republican vice presidential candidate and chairman of the House Budget Committee, has outlined a plan to extend the nation's borrowing limit for four to six weeks, paired with a framework for broader deficit-reduction talks, the Wall Street Journal reported.

The greater the spending reduction the talks produced, the longer the next extension of the debt ceiling would be under Ryan's plan outlined Wednesday to fellow conservatives, it said.

Ryan's proposal for a short-term debt-limit increase drew broad support from conservatives at the Capitol Hill meeting, the Jounal reported citing lawmakers who attended.

According to Washington Post Republican Party leaders, now widely acknowledge that their effort to kill Obama care by forcing a government shutdown has been a failure and they are now looking for a way out of the impasse.

Instead, they are regrouping for a longer battle over the health-care law, the influential daily said. They also are trying to refocus the upcoming debt-ceiling showdown on fiscal issues, including entitlements and tax reform.

Obama had invited the entire House Republican caucus to the White House as part of a series of meetings with legislators, but Republicans are sending only 18 members representing the party leadership and committee chairmen to

Thursday's meeting.

"It is our hope that this will be a constructive meeting and that the president finally recognizes Americans expect their leaders to be able to sit down and resolve their differences," an aide of House speaker John Boehner said in a statement.

White House spokesman Jay Carney said Obama was disappointed that Boehner was limiting attendance at Thursday's meeting to less than 20 of the more than 200 House Republicans.

"The president thought it was important to talk directly with the members who forced this economic crisis on the country" about the potential harmful impacts from the shutdown and a possible default, Carney said in a statement, repeating that Obama "will not pay the Republicans ransom for doing their job."

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

IANS

Source: IANS

 
Update
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4 days ago

PICKENS: I Think Mitt Romney Is Thinking About Running Again

Oct 14 2014 8:15am CDT | Source: Business Insider

Last Friday morning, billionaire energy tycoon T. Boone Pickens was in a meeting with another politically active hedge fund manager in New York City. The meeting between the two included a broad discussion on the Republican presidential field for 2016. Pickens told Business Insider later that morning that his colleague suggested there was "no prospect" 2012 Republican nominee Mitt Romney would run again. However, Pickens said he believes Romney is considering it since his past poli ...
Source: Business Insider   Full article at: Business Insider
 

 
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10

1 week ago

3 Big Economic Ideas in Waiting

Oct 9 2014 11:00am CDT | Source: Harvard Business Review

In what has now become an iconic statement about American politics, and maybe politics everywhere, former White House Chief of Staff Rahm Emanuel (now Chicago Mayor) declared that “a crisis is a terrible thing to waste.” He was making the point that it is always hard to summon the will to enact big, new policy ideas, even when they appear perfectly logical. Until some dramatic development galvanizes people to act, they sit on the shelf. And what a pity it is if th ...
Source: Harvard Business Review   Full article at: Harvard Business Review
 

 
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9

1 week ago

Capitol Report: Paul Ryan says he doesn’t care if he gets audited for bashing the IRS

Oct 7 2014 11:12am CDT | Source: MarketWatch

Paul Ryan bashes the IRS in his new ad, which also partly sounds like an audition for the chairmanship of the House Ways & Means Committee. ...
Source: MarketWatch   Full article at: MarketWatch
 

 
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8

1 week ago

Enzerink GS: Amazon’s banned books

Oct 6 2014 12:56am CDT | Source: The Brown Daily Herald

Every last week of September, the American Library Association organizes Banned Books Week. This celebration of the freedom to read calls attention to the restrictions that schools, municipalities and even state governments have placed on certain books over the years. Actual banning has become unusual, but that does not stop people from challenging the distribution of certain books. From “The Grapes of Wrath” by John Steinbeck to “The Bluest Eye” by Toni Morrison — still t ...
Source: The Brown Daily Herald   Full article at: The Brown Daily Herald
 

 
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7

2 weeks ago

Wonkblog: A battle’s brewing within the GOP over whether to pursue tax reform

Oct 1 2014 1:56pm CDT | Source: The Washington Post

Rep. Paul Ryan (R-Wis.) (AP Photo/Steve Helber) Facing the prospect of a fully Republican Congress for the first time in eight years, GOP strategists are divided over how to advance a central tenet of their political agenda: a simpler U.S. tax code with sharply lower rates. Read full article ...
Source: The Washington Post   Full article at: The Washington Post
 

 
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5

2 weeks ago

PAUL RYAN: Mitt Romney's '47 Percent' Comments Were 'Wrong'

Sep 30 2014 10:44am CDT | Source: Business Insider

Rep. Paul Ryan (R-Wisconsin) who was the GOP vice presidential nominee in 2012 reflected on one of the more controversial moments of that race in an interview with Charlie Rose that aired on PBS Monday evening. During the discussion, Rose asked Ryan about a video that emerged showing Romney telling donors 47 percent of Americans would vote for President Barack Obama "no matter what" because they are "dependent on government. ...
Source: Business Insider   Full article at: Business Insider
 

 
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4

2 weeks ago

Was Paul Ryan a victim of Amazon-Hachette dispute?

Sep 30 2014 9:27am CDT | Source: Business Journal of Milwaukee

It's probably not a coincidence. U.S. Rep. Paul Ryan, R-Wis., has written a new book published by a Hachette Book Group unit called "The Way Forward." Prior to Aug. 19, the book suffered the fate of similar Hachette books on Amazon, hard to find on the Amazon.com (Nasdaq: AMZN) site, because of the Seattle online retailer's current spat with Hachette. Then, according to the New York Times, Ryan went on CNBC's ...
Source: Business Journal of Milwaukee   Full article at: Business Journal of Milwaukee
 

 
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3

2 weeks ago

Paul Ryan squawks and Amazon.com listens

Sep 30 2014 7:57am CDT | Source: Seattle Business Journal

It's probably not a coincidence. U.S. Rep. Paul Ryan, R-Wis., has written a new book published by a Hachette Book Group unit called "The Way Forward." Prior to Aug. 19, the book suffered the fate of similar Hachette books on Amazon, hard to find on the Amazon.com (NASDAQ: AMZN) site, because of the Seattle online retailer's current spat with Hachette. Then, according to the New York Times, Ryan went on CNBC's "Squawk Box" on Aug. 20 and complained, saying ...
Source: Seattle Business Journal   Full article at: Seattle Business Journal
 

 
Update
2

3 weeks ago

Republican 2016 Contenders Weigh In On Obama's New Strikes In Syria

Sep 23 2014 10:41am CDT | Source: Business Insider

The 2016 Republican presidential field has been positioning itself firmly against President Barack Obama's foreign policy agenda, but when it comes to the latest airstrikes against jihadists affiliated with the Islamic State and the Khorasan Group in Syria, the criticism is much more muted. Sen. Marco Rubio (R-Florida) released a statement on Tuesday morning shortly before Obama made his own remarks about the strikes, which occurred the night before. The US was already bombing Islamic State ...
Source: Business Insider   Full article at: Business Insider
 

 
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1

4 weeks ago

Dollar Stability, Not Inflation, Is Our Big Problem Right Now

Sep 14 2014 11:25pm CDT | Source: Forbes Real Time

Since the Federal Reserve began its massive and unprecedented expansion of the monetary base in late 2008, the American public has been uneasy over the potential for a virulent burst of inflation, which would destroy the value of its income and savings. Some on the conservative right (e.g., Con ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

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