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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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40 weeks 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
11

4 days ago

Wonkblog: Republicans want to control, not end, the Fed

Jul 18 2014 3:07pm CDT | Source: The Washington Post

Paul Ryan Campaigns In Wisconsin
The Republicans' latest plan to rein in the Federal Reserve is, to damn it with the faintest of faint praise, their smartest yet. But it's still nowhere near convincing. It might be hard to believe, but Republicans weren't always so suspicious of the Fed's efforts to revive the economy. As Paul Krugman points out, you only have to go back to the last time a Republican was in the White House to se ...
Source: The Washington Post   Full article at: The Washington Post
 

 
Update
9

5 weeks ago

How Eric Cantor's Defeat Will Make House Republicans Act Like High Schoolers

Jun 12 2014 2:59pm CDT | Source: Business Insider

US-ELECTIONS-CLINTON-CAMPAIGN
The campaign to replace Eric Cantor as Majority Leader started years ago. Not because anyone predicted he's lose this election or leave to run for something else, but because so many House Republicans thought Speaker John Boehner was not long for this world. And in Congress, these leadership races play out like high school popularity contests. Leading a caucus with a big nihilist faction caused Boehner, who is a genuinely nice guy, to chain smoke like this ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
8

6 weeks ago

U.S. House Majority leader Eric Cantor loses seat in shocking primary defeat

Jun 10 2014 7:27pm CDT | Source: National Post

Tea Party Challenger To Cantor's Seat Dave Brat Campaigns
U.S. House Majority Leader Eric Cantor lost his re-election bid, falling to Tea Party challenger David Brat in a Virginia Republican primary in the biggest upset of this year’s campaign. Cantor is the second-ranking House Republican and was considered the frontrunner to become the next House speaker. Tonight’s loss is a stunning fall for Cantor, 51, who was instrumental in the election of many of the Tea Party-backed candidates who handed Republicans their House majority in 2010. Brat, a tea ...
Source: National Post   Full article at: National Post
 

 
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7

7 weeks ago

Paul Ryan in Watertown to Support Stefanik; Media Blacked Out

Jun 2 2014 6:47pm CDT | Source: Your News Now - Capital Region

Paul Ryan Campaigns In Wisconsin
Former vice presidential candidate Paul Ryan was in Watertown Monday to show his support for Elise Stefanik. Reporter Brian Dwy ...
Source: Your News Now - Capital Region   Full article at: Your News Now - Capital Region
 

 
Update
5

7 weeks ago

Paul Ryan in Watertown to Support Stefanik; Media Blacked Out

Jun 2 2014 6:47pm CDT | Source: Your News Now - Berkshire County, MA

Paul Ryan Campaigns In Wisconsin
Former vice presidential candidate Paul Ryan was in Watertown Monday to show his support for Elise Stefanik. Reporter Brian ...
Source: Your News Now - Berkshire County, MA   Full article at: Your News Now - Berkshire County, MA
 

 
Update
4

7 weeks ago

Paul Ryan in Watertown to Support Stefanik; Media Blacked Out

Jun 2 2014 6:47pm CDT | Source: Your News Now - Ithaca / Cortland

Paul Ryan Campaigns In Wisconsin
Former vice presidential candidate Paul Ryan was in Watertown Monday to show his support for Elise Stefanik. Report ...
Source: Your News Now - Ithaca / Cortland   Full article at: Your News Now - Ithaca / Cortland
 

 
Update
3

7 weeks ago

Paul Ryan in Watertown to Support Stefanik; Media Blacked Out

Jun 2 2014 6:47pm CDT | Source: Your News Now - Ithaca / Cortland

Paul Ryan Campaigns In Wisconsin
Former vice presidential candidate Paul Ryan was in Watertown Monday to show his support for Elise Stefanik. Reporter Brian Dwyer has the story ...
Source: Your News Now - Ithaca / Cortland  Full article at: Your News Now - Ithaca / Cortland
 

 
Update
2

7 weeks ago

Paul Ryan in Watertown to Support Stefanik; Media Blacked Out

Jun 2 2014 6:47pm CDT | Source: Your News Now - Capital Region

Paul Ryan Campaigns In Wisconsin
Former vice presidential candidate Paul Ryan was in Watertown Monday to show his support for Elise Stefanik. Reporter Brian Dwyer has the story ...
Source: Your News Now - Capital Region   Full article at: Your News Now - Capital Region
 

 
Update
1

7 weeks ago

Paul Ryan in Watertown to Support Stefanik; Media Blacked Out

Jun 2 2014 6:47pm CDT | Source: Your News Now - Binghampton / Oneonta

Paul Ryan Campaigns In Wisconsin
Former vice presidential candidate Paul Ryan was in Watertown Monday to show his support for Elise Stefanik. Reporter ...
Source: Your News Now - Binghampton / Oneonta   Full article at: Your News Now - Binghampton / Oneonta
 

 

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