News / USA

    Obama: US Must Avoid Economic Consequences of Default

    President Barack Obama speaks about the the budget and the partial government shutdown, Oct. 8, 2013, at White House.
    President Barack Obama speaks about the the budget and the partial government shutdown, Oct. 8, 2013, at White House.
    VOA News
    Regarding this week's meetings with congressional members about the political stalemate on government funding and borrowing, U.S. President Barack Obama said there was one agreement: "the need to avoid the economic consequences of not meeting [the] country's commitments."

    The president said in his weekly address Saturday damage to the country's "sterling credit rating" would make it more expensive for everyone in America to borrow money, creating what would amount to what he called a "Republican default tax on every family and business in America." He said a default would also have a detrimental effect on global markets.

    However, White House officials said Friday there is still no agreement with Republicans on how to end the stalemate. Both sides have agreed to keep talking.

    House Armed Services chairman Buck McKeon, who delivered the Republican address, said the two sides had found "common ground" this week with legislation supporting the military and their families during the shutdown, and now should continue to work out more agreements.

    Watch related video story by VOA's Carla Babb

    US Government Shutdown Enters 12th Dayi
    X
    October 12, 2013 1:13 PM
    The partial U.S. government shutdown enters its 12th day Saturday. But on Friday, lawmakers and President Obama seemed to make progress, by sitting down and talking to each other. VOA's Carla Babb has more.

    Meanwhile, three of the most famous U.S. national parks - the Statue of Liberty, the Grand Canyon and Mount Rushmore - have announced they will reopen in the coming days after state governors reached deals with the federal government, despite the ongoing government shutdown. The states have agreed to provide the money needed to operate the parks.

    Back in Washington, both sides have refused to divulge specific details of what is being discussed as they look for a way to end the partial government shutdown that began October 1 and increase the country's $16.7 trillion borrowing limit. The United States has said it will have only limited funds left to pay its bills when it reaches the borrowing cap Thursday.

    Finance chiefs of the world's leading economies urged the United States Friday to quickly resolve the stalemate. The G20 finance ministers meeting in Washington said the U.S., with the world's largest economy, "needs to take urgent action to address short-term fiscal uncertainties."

    Republicans in the House of Representatives have offered to increase the debt ceiling through November 22, while looking to negotiate more spending cuts with the White House over the next six weeks.

    You May Like

    Former US Envoys Urge Obama to Delay Troop Cuts in Afghanistan

    Keeping troop levels up during conflict with both Taliban and Islamic State is necessary to support Kabul government, they say

    First Lady to Visit Africa to Promote Girls' Education

    Michele Obama will be joined by daughters and actresses Meryl Streep and Freida Pinto

    Video NYSE Analyst: Brexit Will Continue to Place Pressure on Markets

    Despite orderly pricing and execution strategy at the New York Stock Exchange, analyst explains added pressure on world financial markets is likely

    This forum has been closed.
    Comment Sorting
    Comments page of 2
     Previous    
    by: NVO from: USA
    October 12, 2013 12:11 PM
    What we need to avoid is the REAL AGENDA OF THE NEW WORLD ORDER. START DOING YOUR HOMEWORK SHEEPLE!!!!!
    In Response

    by: Amy Newman
    October 12, 2013 7:39 PM
    Try to take the tin foil hat off very slowly. Theres no new world order....only the greedy trying to screw poor people out of millions while we fight.

    by: EXPOSE FASCIST REGIME from: USA
    October 12, 2013 11:53 AM
    The Barack Obama regime is proving to be the most arrogant, narcissistic, petty, malevolent, insidious, baleful, sinister and criminal regime in U.S. history. The regime’s use of the so-called government shutdown (which isn’t really) has exposed its sophistry and mendacity for all to see.

    Across the country, in an effort to make Americans feel the “pain” of the government’s furlough of 800,000 “non-essential” personnel because the government has ostensibly run out “money,” the regime is spending “money” employing rangers from the National Park Service to shut down, barricade and guard open air monuments, park roads and hiking trails. It’s even happening in parks that are privately run but are on Federal land.

    A group of World War II veterans on an Honor Flight visit to the Washington cesspool to visit the World War II memorial showed their contempt of government “barriers” by pushing them aside and ignoring armed goons who were there to harass and intimidate them out of the area. Their actions are an apt metaphor for how Americans should treat all of the barriers the psychopathic elected class and their bureaucratic enablers have raised in an effort to drive the republic into a collectivist “utopia.”

    Obamacare — or, if you want to call it by its doublespeak name, the Affordable Healthcare Act — is just such a barrier. It is also anything but affordable and is in reality a socialistic deathcare system of destruction and graft.

    House Republicans, for a few hours at least, appear to have developed a spine and are making a stand to kill the Obamacare monster that is devouring the U.S. economy at a rate far exceeding what the Federal Reserve was capable of.

    Whether they are in for the long haul is anybody’s guess. It will be a difficult slog against a headwind of mainstream media propaganda, an ignorant and sound bite-driven populace and a criminal President with the power of an all-consuming government at his disposal. Americans should follow the lead of those octogenarian veterans, push aside the park barriers and thumb their noses at the enforcers. And then they should send letters or make phone call of support to Representatives — and to their Senators as well.

    It’s obvious that since Obama shut down the government and so few people outside the MSM seem to have noticed, his regime is doing all it can to bring a level of pain and suffering to anyone it can reach. The reality is that government could and should be shut down until at least $1 trillion is whacked away. Few people outside of the cesspool would notice if not for MSM caterwauling.

    A revolution began in the 18th century over a series of taxes and abuses by the government far less than what Americans are currently suffering under. Are Americans finally waking up?
    In Response

    by: Ramnarayan from: Florida, USA
    October 13, 2013 5:46 PM
    We Americans are not waking up, but are tired with the stupidity of the politicians particularly, the GOP. Didn't Obama win the election and the Supreme court approved the health care act? It is not Obama alone who shut down the Govt, but the GOP and particularly the tea party zealots should be equally held responsible. There is plenty of blame to go alongi would not call our system as a regime. We still are a democracy with all the flaws. Our press and media who often pretends to know all answers have played a big role in the mess also. What we need is a way to recall the politicians and dock their salary when their performance does mot meet expectations.
    In Response

    by: Amy Newman
    October 12, 2013 7:37 PM
    Blaming Obama for what the Republicans are doing to this country – classic. So the Republican Regime decides to shut the government down against the wishes of the American public and holds the nation as a hostage for it's political ideology. Meanwhile they cause thousands of people to go without pay, shut down public parks or centers and even cause memorial services to our veterans to shut down. All in the name of getting rid of Obamacare.

    Then again what is Obamacare? It's the Republican plan of ten years ago. Where the government helps people choose from private insurance companies and are able to select which one they want. All for just under the price of most American phone bills. This is NOT what liberals wanted yet some how Faux News and the TeaParty Taliabn has convinced there base that a major conspiracy is under foot. Too bad that conspiracy is the Koch Brothers controlling the southern states. Where is the government option that liberals having been pushing for? No where in site thanks to you tin foil warriors.

    The fact that you call helping poor people get affordable insurance as 'doublespeak' is ironically doublespeak. Not based in reality and sold through lies and propaganda. We need to get rid of the Anarchist, anti-American, anti-poor people mentality that is poisoning our nation. It costs our nation money, it causes the over all health of our country to go down and lines the pockets of the people who don't give a crap about you. Lets hope America is finally waking up – and votes every single one of these tea party monsters out of office.
    In Response

    by: Sasquatch from: Australia
    October 12, 2013 7:36 PM
    A national election is held and key platform is affordable healthcare. The voters choose to elect the president advocating that platform in a free and fair election. Congress passes legislation implementing the healthcare plan. Undeterred, opponents put forward bills attempting to repeal the legislation but thaws efforts repeatedly fail. The Supreme Court upholds the legislation. Still undeterres, minority opponents wrap the federal budget with a poison pill to kill the legislation and the USA economy if their minority view isn't forced onto the majority. Who's the fascist in this?
    In Response

    by: Susan from: New York, NY
    October 12, 2013 6:53 PM
    You know what? Last year I would've disagreed with you. But I honestly cannot find ANYTHING wrong with what you said. From the Drones, to the cover ups, to the "affordable" healthcare act that is turning out to be their latest tax racquet to pull in even more money to feed foreign wars disguised as "aid"..etc. They complain about banks and Wall Street dictating policy, but knock themselves out to ensure a "deal" is thrown together before the opening bell Monday morning. Whatever happens now doesn't matter, since the cracks have already been shown. Our weaknesses have been put out to the world on a silver platter. Take notice world; this is what democracy looks like once it begins to eat itself.
    Comments page of 2
     Previous    

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Brexit Vote Plunges Global Markets Into Uncharted Territoryi
    X
    June 24, 2016 9:38 PM
    British voters plunged global markets into unknown territory after they voted Thursday to leave the European Union. The results of the Brexit vote, the term coined to describe the referendum, caught many off guard. Analysts say the resulting volatility could last for weeks, perhaps longer. Mil Arcega reports.
    Video

    Video Brexit Vote Plunges Global Markets Into Uncharted Territory

    British voters plunged global markets into unknown territory after they voted Thursday to leave the European Union. The results of the Brexit vote, the term coined to describe the referendum, caught many off guard. Analysts say the resulting volatility could last for weeks, perhaps longer. Mil Arcega reports.
    Video

    Video Orlando Shooting Changes Debate on Gun Control

    It’s been nearly two weeks since the largest mass shooting ever in the United States. Despite public calls for tighter gun control laws, Congress is at an impasse. Democratic lawmakers resorted to a 1960s civil rights tactic to portray their frustration. VOA’s Carolyn Presutti explains how the Orlando, Florida shooting is changing the debate.
    Video

    Video Tunisian Fishing Town Searches for Jobs, Local Development Solutions

    As the European Union tries to come to grips with its migrant crisis, some newcomers are leaving voluntarily. But those returning to their home countries face an uncertain future.  Five years after Tunisia's revolution, the tiny North African country is struggling with unrest, soaring unemployment and plummeting growth. From the southern Tunisian fishing town of Zarzis, Lisa Bryant takes a look for VOA at a search for local solutions.
    Video

    Video 'American Troops' in Russia Despite Tensions

    Historic battle re-enactment is a niche hobby with a fair number of adherents in Russia where past military victories are played-up by the Kremlin as a show of national strength. But, one group of World War II re-enactors in Moscow has the rare distinction of choosing to play western ally troops. VOA's Daniel Schearf explains.
    Video

    Video Experts: Very Few Killed in US Gun Violence Are Victims of Mass Shootings

    The deadly shooting at a Florida nightclub has reignited the debate in the U.S. over gun control. Although Congress doesn't provide government health agencies funds to study gun violence, public health experts say private research has helped them learn some things about the issue. VOA's Carol Pearson reports.
    Video

    Video Trump Unleashes Broadside Against Clinton to Try to Ease GOP Doubts

    Recent public opinion polls show Republican Donald Trump slipping behind Democrat Hillary Clinton in the presidential election matchup for November. Trump trails her both in fundraising and campaign organization, but he's intensifying his attacks on the former secretary of state. VOA National Correspondent Jim Malone reports.
    Video

    Video Muslim American Mayor Calls for Tolerance

    Syrian-born Mohamed Khairullah describes himself as "an American mayor who happens to be Muslim." As the three-term mayor of Prospect Park, New Jersey, he believes his town of 6,000 is an example of how ethnicity and religious beliefs should not determine a community's leadership. Ramon Taylor has this report from Prospect Park.
    Video

    Video Internal Rifts Over Syria Policy Could Be Headache for Next US President

    With the Obama administration showing little outward enthusiasm for adopting a more robust Syria policy, there is a strong likelihood that the internal discontent expressed by State Department employees will roll over to the next administration. VOA State Department correspondent Pam Dockins reports.
    Video

    Video Senegal to Park Colorful ‘Cars Rapide’ Permanently

    Brightly painted cars rapide are a hallmark of Dakar, offering residents a cheap way to get around the capital city since 1976. But the privately owned minibuses are scheduled to be parked for good in late 2018, as Ricci Shryock reports for VOA.
    Video

    Video Florida Gets $1 Million in Emergency Government Funding for Orlando

    The U.S. government has granted $1 million in emergency funding to the state of Florida to cover the costs linked to the June 12 massacre in Orlando. U.S. Attorney General Loretta Lynch announced the grant Tuesday in Orlando, where she met with survivors of the shooting attack that killed 49 people. Zlatica Hoke reports.
    Video

    Video How to Print Impossible Shapes with Metal

    3-D printing with metals is rapidly becoming more advanced. As printers become more affordable, the industry is partnering with universities to refine processes for manufacturing previously impossible things. A new 3-D printing lab aims to bring the new technology closer to everyday use. VOA's George Putic reports.
    Video

    Video Big Somali Community in Minnesota Observes Muslim Religious Feast

    Ramadan is widely observed in the north central US state of Minnesota, which a large Muslim community calls home. VOA Somali service reporter Mohmud Masadde files this report from Minneapolis, the state's biggest city.

    Special Report

    Adrift The Invisible African Diaspora