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
5

6 weeks ago

Here's What Happens If Republicans Take The Senate...

Nov 3 2014 4:28pm CST | Source: Business Insider

Republicans plan to adopt a combative but strategic approach toward governing in the increasingly likely event they take control of both chambers of US Congress, top GOP lawmakers and aides told Business Insider.  With an eye toward the 2016 presidential election, Republican leaders in the House and Senate will look to move forward GOP legislative priorities that are popular with the American public and co ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

6 weeks ago

Stakes high for Walker, experts say youth vote to be swayed by social circles

Nov 3 2014 10:30am CST | Source: The Badger Herald

The outcome of Tuesday’s election could have bigger implications than who will serve as Wisconsin’s governor for the next four years, with Gov. Scott Walker’s 2016 presidential bid hinging on the race’s outcome. Walker has spoken openly about running for president in the past, but recently has not said much about his plans for 2016, professor Mike Wagner from the School of Journalism said. “If Walker loses this race, it becomes really hard for him to run for president,” Wagner said. “He has n ...
Source: The Badger Herald   Full article at: The Badger Herald
 

 
Update
3

7 weeks ago

As N.C. early voting begins, visits from Ryan, Clinton mark campaign crunch time

Oct 23 2014 7:41am CDT | Source: Charlotte Business Journal

In case you haven't noticed, there's a big election looming in North Carolina. And political heavyweights from both major parties are paying visits to the state to stump for their respective candidates. U.S. Rep. Paul Ryan, the 2012 GOP candidate for vice president, was in the Charlotte area on Wednesday to campaign for Thom Tillis (R-Mecklenburg), the speaker of the N.C. House, who is running for the U.S. Senate. And according to WSOC-TV, former Firs ...
Source: Charlotte Business Journal   Full article at: Charlotte Business Journal
 

 
Update
2

8 weeks ago

Senate Control Could Rest On One Of The Reddest Of Red States — And The GOP Is Making A Huge Comeback

Oct 21 2014 7:06am CDT | Source: Business Insider

OVERLAND PARK, Kansas — Republican leaders have a new regular stop on their travel schedules these days. Iowa. New Hampshire. And ... Kansas? On this crisp October day, US Sen. Pat Roberts has brought in another member of the Republican Party's All-Star campaign team to stand by his side and rally his base. Sens. Ted Cruz and Tom Coburn, former Florida Gov. Jeb Bush, and Kansas' own former senato ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
1

8 weeks ago

KRUGMAN: Amazon Is Abusing Its Power And Hurting America

Oct 20 2014 5:09am CDT | Source: Business Insider

Paul Krugman comes out swinging in his latest column, slamming retail giant Amazon for exerting undue market power, and essentially being the Standard Oil of the online books business. He notes that Amazon is not playing the role of monopoly (being the sole seller and raising prices) but rather the role of monopsony (being the sole buyer and squeezing book sellers). He specifically keys off of Amazon's hardball tactics agai ...
Source: Business Insider   Full article at: Business Insider
 

 
 

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