News / USA

Attention Shifts to US Senate Leaders in Budget Showdown

Attention Shifts to US Senate Leaders in Budget Showdowni
X
October 16, 2013 5:01 AM
With the U.S. facing a new credit warning, a bipartisan effort by Democratic and Republican Senate leaders is now back in the spotlight. President Barack Obama is waiting for an acceptable solution to emerge that would extend the debt limit and reopen the federal government.

Attention Shifts to US Senate Leaders in Budget Showdown

With the U.S. facing a new credit warning, a bipartisan effort by Democratic and Republican Senate leaders is now back in the spotlight.  President Barack Obama is waiting for an acceptable solution to emerge that would extend the debt limit and reopen the federal government.
 
Late Tuesday, the Senate Democratic and Republican leaders, Harry Reid and Mitch McConnell, resumed efforts for a bipartisan compromise that was put on hold earlier as events played out in the Republican-controlled House of Representatives.
 
The bipartisan effort in the Senate had proposed funding the federal government through January 15, and temporarily raising the nation's borrowing limit until February 7.
 
In the House of Representatives, Republican Speaker John Boehner gave up on bringing a revised legislative proposal to the House floor in the face of pressure from conservative Tea Party members.
 
In an interview with WABC-TV in New York, Obama rejected suggestions that he has not compromised in the battle with Republicans, and again rejected what he called efforts by the Tea Party to use extreme tactics.
 
"The Democrats have not asked for anything when it comes to making sure the American people's bills are paid on time.  What we have said is there are going to be differences between the parties on priorities but we shouldn't inflict pain on the American people to try to see if one side gets a little extra leverage or gets what they want," said Obama.
 
White House Press Secretary Jay Carney said the president was pleased with progress in the Senate, saying it held potential for resolving an "unnecessary manufactured crisis."
 
"Open the government, and make sure that the United States pays its bills by extending the debt ceiling, and doing that in a way that we don't simply put us on a trajectory to re-create this crisis in a few weeks," said Carney
 
The failed effort by Speaker Boehner would have funded the government only until December 15, while also extending the debt limit until February.
 
After a meeting with President Obama, House Minority Leader Nancy Pelosi said she remained optimistic that Congress will pass "clean" legislation to raise the debt limit and avoid default.
 
"Clean legislation to open government, clean legislation to lift the debt ceiling that will take us on a path to the budget [negotiations] table when any and all issues can be discussed," said Pelosi.
 
With time running out for a debt limit solution, another note of urgency was added late Tuesday in the form of a warning by Fitch, a major credit rating agency.
 
Fitch said it has placed the U.S. credit rating on six-month negative watch, referring to "political brinksmanship and reduced financing flexibility" it said could increase the risk of a U.S. default.
 
In 2011, during the last major political battle in Washington over the credit limit, another major credit agency downgraded U.S. long-term debt to "AA."
 
The White House said Tuesday that the latest impact of the U.S. government shutdown is the inability of a federal agency supporting small businesses to approve new loan guarantees, resulting in more than $1 billion in lost assistance and jeopardizing thousands of jobs.

You May Like

Ebola Death Toll Nears 5,000 as Virus Advances

West Africa bears heaviest burden; Mali toddler’s death raises new fears More

Jordan’s Role in Fighting IS Carries Domestic Risks

There are Western concerns Islamic State militants soon may unleash offensive in kingdom that could create upheaval - though nation has solid intel, grip on banking system More

Asian-Americans Enter Public Office in Record Numbers

A steady deepening engagement in local politics pays off for politicians like Chinese-American Judy Chu More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
After Decades of Pressure, Luxembourg Drops Bank Secrecy Rulesi
X
October 21, 2014 12:20 AM
European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.
Video

Video Young Nairobi Tech Innovator on 'Track' in Security Business

A 24-year-old technology innovator in Nairobi has invented a tracking device that monitors and secures cars. He has also come up with what he claims is the most robust audio-visual surveillance system yet. As Lenny Ruvaga reports from the Kenyan capital, his innovations are offering alternative security solutions.
Video

Video Latinas Converting to Islam for Identity, Structure

Latinos are one of the fastest growing groups in the Muslim religion. According to the Pew Research Center, about 6 percent of American Muslims are Latino. And a little more than half of new converts are female. VOA’s Carolyn Presutti travelled to Miami, Florida -- where two out of every three residents is Hispanic -- to learn more.
Video

Video Exclusive: American Joins Kurds' Anti-IS Fight

The United States and other Western nations have expressed alarm about their citizens joining Islamic State forces in Syria and Iraq. In a rare counterpoint to the phenomenon, an American has taken up arms with the militants' Syrian Kurdish opponents. Elizabeth Arrott has more in this exclusive profile by VOA Kurdish reporter Zana Omer in Ras al Ayn, Syria.
Video

Video South Korea Confronts Violence Within Military Ranks

Every able-bodied South Korean male between 18 and 35 must serve for 21 to 36 months in the country’s armed forces, depending upon the specific branch. For many, service is a rite of passage to manhood. But there are growing concerns that bullying and violence come along with the tradition. Reporter Jason Strother has more from Seoul.
Video

Video North Carolina Emerges as Key Election Battleground

U.S. congressional midterm elections will be held on November 4th and most political analysts give Republicans an excellent chance to win a majority in the U.S. Senate, which Democrats now control. So what are the issues driving voters in this congressional election year? VOA National Correspondent Jim Malone traveled to North Carolina, one of the most politically competitive states in the country, to find out.
Video

Video Comanche People Maintain Pride in Their Heritage

The Comanche (Indian nation) once were called the “Lords of the Plains,” with an empire that included half the land area of current day Texas, large parts of Oklahoma, New Mexico, Kansas and Colorado.The fierceness and battle prowess of these warriors on horseback delayed the settlement of most of West Texas for four decades. VOA’s Greg Flakus reports from Lawton, Oklahoma, that while their warrior days are over, the 15,000 members of the Comanche Nation remain a proud people.
Video

Video Turkey Campus Attacks Raise Islamic Radicalization Fears

Concerns are growing in Turkey of Islamic radicalization at some universities, after clashes between supporters of the jihadist group Islamic State (IS) or ISIS, and those opposed to the extremists. Pro-jihadist literature is on sale openly on the streets of Istanbul. Critics accuse the government of turning a blind eye to radicalism at home, while Kurds accuse the president of supporting IS - a charge strongly denied. Henry Ridgwell reports from London.

All About America

AppleAndroid