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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50 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

 
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6 days ago

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

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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, whic ...
Source: Business Insider   Full article at: Business Insider
 

 
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2 weeks ago

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

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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 conse ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
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2 weeks ago

Ted Cruz Is Considering An Idea That Could Lead To A Shutdown Showdown

Sep 9 2014 4:51pm CDT | Source: Business Insider

Sen. Ted Cruz (R-Texas) on Tuesday suggested Republicans include a provision that would effectively deport some young undocumented immigrants in a crucial spending measure. Cruz's comments raise the possibility of another government shutdown. The continuing resolution Cruz would pair with controversial immigration legislation needs to be passed by Sept. 30 if Congress wants to avoid a budget crisis for a second-consecutive year. Cruz described the shutdown threat as vital to ...
Source: Business Insider   Full article at: Business Insider
 

 
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8

3 weeks ago

Conservatives Want A Fight On The Export-Import Bank Weeks Ahead Of A Looming Shutdown

Sep 8 2014 11:04am CDT | Source: Business Insider

Conservative groups are gearing up for a fight over the Export-Import Bank, weeks ahead of a deadline to pass a bill to keep the government funded and operating. The heads of two prominent groups — Heritage Action and the Club for Growth — wrote a letter to House Majority Leader Kevin McCarthy (R-California) on Monday urging him to let the bank's charter expire Sept. 30.  "The Export-Import Bank is a small thing, this we know," Chris Chocola of the Club for Growt ...
Source: Business Insider   Full article at: Business Insider
 

 
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3 weeks ago

States would take the lead in controlling health care costs under plan unveiled by Democrats

Sep 4 2014 3:15pm CDT | Source: Canadian Business Online

WASHINGTON – Borrowing a Republican idea, a group including former senior Obama and Clinton advisers is unveiling a novel proposal to let states take the lead in controlling health costs. Individual states would set their own targets to curb the growth of health care spending. If they succeed, they’d pocket a share of federal Medicare and Medicaid savings, ranging from tens of millions to $1 billion or mor ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
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5

4 weeks ago

New Poll Shows Mitt Romney Would Dominate In Iowa

Aug 27 2014 2:54pm CDT | Source: Business Insider

A day after Mitt Romney made comments that didn't completely shut the door on another run for president in 2016, a new poll suggests he'd dominate the Republican field in Iowa if he does decide to enter the race. The poll, from Suffolk University and USA Today, finds Romney with a more than 25-point advantage over his closest Republican competitor, Mike Huckabee in the crucial primary state. A bit more than 35% of Iowa Republicans say he'd be their first choice ...
Source: Business Insider   Full article at: Business Insider
 

 
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4 weeks ago

 
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5 weeks ago

Here's Why Legislation Aimed At Tax Inversions Might Not Have Any Effect On Burger King

Aug 25 2014 2:36pm CDT | Source: Business Insider

Burger King is in talks to acquire Canadian donut and coffee chain Tim Hortons as part of a plan to avoid U.S. taxes. And even as the issue has gained attention in Washington all the way up to President Barack Obama, the legislation on the table might not apply to the proposed Burger King-Tim Hortons merger. Even as lawmakers played up the talks as a potential wake-up call to the American public, it's unclear whether legislatio ...
Source: Business Insider   Full article at: Business Insider
 

 
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2

5 weeks ago

RAND PAUL: 'Let The Democrats Put Forward A War Hawk Like Hillary Clinton'

Aug 22 2014 3:42pm CDT | Source: Business Insider

Sen. Rand Paul (R-Kentucky) seems itching to take on Hillary Clinton in the 2016 presidential contest. Paul told NBC News in an interview that Democrats nominating a "war hawk" like Clinton would redefine the political balance between the two parties. "If you want to see a transformational election, let the Democrats put forward a war hawk like Hillary Clinton, and you'll see a transformation like you've never ...
Source: Business Insider   Full article at: Business Insider
 

 
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5 weeks ago

Mitt Romney Mocks Hillary Clinton's 'Most Embarrassing' Foreign Policy Mistake

Aug 22 2014 6:46am CDT | Source: Business Insider

Two-time Republican presidential candidate Mitt Romney went out of his way to criticize expected 2016 Democratic White House contender Hillary Clinton in an interview with Fox News' Megyn Kelly on Thursday night. Romney, asked about President Barack Obama's foreign policy towards Russia, pivoted to mock Clinton, Obama's former secretary of state, for presenting a literal "reset button" to Russia's foreign minister in 2009. Relations between ...
Source: Business Insider   Full article at: Business Insider
 

 

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