11 Oct 2013
Obama refuses to accept short-term debt limit proposal
FXstreet.com (Barcelona) - President Obama on Thursday rejected the republicans' offer to kick the can down the road on the debt ceiling issues for a 6-week temporary extension, with reports suggesting he demands the reopen of the government first.
Despite the proposal by republicans to open up talks on the debt ceiling, seen as the first break in brinkmanship since the whole fiscal/debt saga began, Mr. Boehner and other Republicans left the White House disappointed without speaking to reporters.
According to Jackie Calmes and Ashley Parker from the NY Times: "Republican proposal could come to a vote as soon as Friday. But the White House and Congressional Democrats remained skeptical that House Republican leaders could pass the proposal."
NYT reporters Calmes and Parket added: "A large faction of Tea Party conservatives campaigned on promises never to vote to increase the nation’s debt limit, and say they do not believe the warnings — including from Republican business allies — that failing to act could provoke a default and economic chaos globally. And House Democrats vowed not to support the proposal without a companion measure to fully fund a government shuttered for 10 days."
John Fleming, Republican of Louisiana, was quoted as saying: “We would get a commitment from the president, a concession, to sit down and talk with us, to negotiate before we go to a yearlong debt ceiling increase. There won’t be a vote on a temporary extension of the debt limit unless the president agrees this afternoon to sit down and talk with us.”
Despite the proposal by republicans to open up talks on the debt ceiling, seen as the first break in brinkmanship since the whole fiscal/debt saga began, Mr. Boehner and other Republicans left the White House disappointed without speaking to reporters.
According to Jackie Calmes and Ashley Parker from the NY Times: "Republican proposal could come to a vote as soon as Friday. But the White House and Congressional Democrats remained skeptical that House Republican leaders could pass the proposal."
NYT reporters Calmes and Parket added: "A large faction of Tea Party conservatives campaigned on promises never to vote to increase the nation’s debt limit, and say they do not believe the warnings — including from Republican business allies — that failing to act could provoke a default and economic chaos globally. And House Democrats vowed not to support the proposal without a companion measure to fully fund a government shuttered for 10 days."
John Fleming, Republican of Louisiana, was quoted as saying: “We would get a commitment from the president, a concession, to sit down and talk with us, to negotiate before we go to a yearlong debt ceiling increase. There won’t be a vote on a temporary extension of the debt limit unless the president agrees this afternoon to sit down and talk with us.”