News / Economy

Obama: Congress Must Act Quickly on Spending, Debt Issues

President Barack Obama speaks in the South Court Auditorium at the White House complex, Sept. 16, 2013, in Washington.
President Barack Obama speaks in the South Court Auditorium at the White House complex, Sept. 16, 2013, in Washington.
VOA News
U.S. President Barack Obama is urging Congress to quickly pass a new spending plan and increase the country's borrowing limit, so that the country does not default on its debt.

Obama said Monday it would be the "height of irresponsibility" for Congress not to approve an annual budget for the year that starts October 1, or to fail to increase the $16.7 trillion debt ceiling the country expects to reach a couple of weeks later.

"Congress needs to get it done without triggering another crisis, without shutting down our government, or worse, threatening not to pay this country's bills," he said.

Obama, a Democrat in the fifth year of his presidency, often has sparred with Republican opponents in Congress over government spending, tax rates and the country's long-term debt. If the White House and Congress do not agree on a 2014 spending plan, a partial government shutdown could occur October 1.  If the borrowing limit is not increased, the government would be unable to pay all its bills.

House Speaker John Boehner, a Republican, says the president should work in a bipartisan way to address the country's spending problems. He said Monday "It's a shame that the president could not manage to rise above partisanship today."

Conservative Republicans are waging a continuing battle against Obama's signature legislative accomplishment, reforms that soon will make health insurance available to most of the 30 million people in the country who do not have it. Some of the lawmakers, supporters of the Tea Party, have threatened to vote against any budget that includes funding for the 2010 health care law, popularly known in the U.S. as "Obamacare."

Obama and his Democratic colleagues in Congress have rejected any attempt to block the law, and the country's Supreme Court has ruled that the measure meets constitutional standards.

The president, speaking on the fifth anniversary of the start of the steep U.S. recession, said congressional budget debates are "as old as the republic." But he sharply criticized the conservative lawmakers for their unwillingness to compromise on a spending plan to boost the U.S. economy.

"I cannot remember a time when one faction of one party promises economic chaos if it can't get 100 percent of what it wants," he said.

As the budget and debt ceiling deadlines approach, White House aides and congressional leaders are expected to engage in lengthy negotiations. In the past, the two sides have talked right up to deadlines before reaching agreements.

You May Like

UN Report Exposes Widespread Boko Haram Atrocities

Damning report graphically details pattern of vicious, widespread atrocities committed by Islamist militants More

Russia’s Prosecutor General to Review Legality of Baltics Independence

Move, announced Tuesday, has alarmed Baltic States and strained even further their increasingly tense ties with Moscow More

US Urged to Keep Up Pressure on Cuba Rights

Communist government continues to hold dozens of political prisoners, tightly restricts freedom of expression, uses threats, intimidation to discourage critics, according to activist groups More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Hate Groups Spread Influence Via Interneti
X
Mike O'Sullivan
June 30, 2015 8:20 PM
Hate groups of various kinds are using the Internet for propaganda and recruitment, and a Jewish human rights organization that monitors these groups, the Simon Wiesenthal Center, says their influence is growing. The messages are different, but the calls to hatred or violence are similar. VOA's Mike O’Sullivan reports.
Video

Video Hate Groups Spread Influence Via Internet

Hate groups of various kinds are using the Internet for propaganda and recruitment, and a Jewish human rights organization that monitors these groups, the Simon Wiesenthal Center, says their influence is growing. The messages are different, but the calls to hatred or violence are similar. VOA's Mike O’Sullivan reports.
Video

Video US Silica Sand Mining Surge Worries Illinois Residents, Businesses

Increased domestic U.S. oil and gas production, thanks to advances known as “fracking,” has created a boom for other industries supporting that extraction. Demand for silica sand, used in fracking, could triple over the next five years. In the Midwest state of Illinois, people living near the mines are worried about how increased silica sand mining will affect their businesses and their health. VOA’s Kane Farabaugh has more in this first of a series of reports.
Video

Video Blind Somali Journalist Defies Odds in Mogadishu

Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.
Video

Video Texas Defies Same-Sex Marriage Ruling

Texas state officials have criticized the US Supreme Court decision giving same-sex couples the right to marry nationwide. The attorney general of Texas says last week's decision did not overrule constitutional "rights of religious liberty," and therefore officials performing wedding services can refuse to perform them for same-sex couples if it is against their religious beliefs. Zlatica Hoke reports on the controversy.
Video

Video Syrians Flee IS Advance in Hasaka

The Syrian government said Monday it has taken back one of several districts in Hasaka overrun by Islamic State militants. But continued fighting elsewhere in the northern city has forced thousands of civilians from their homes. In this report narrated by Bill Rodgers, VOA Kurdish Service reporter Zana Omer describes the scene in Amouda, where some of the displaced are taking refuge.
Video

Video Rabbi Hits Road to Heal Jewish-Muslim Relations in France

France is on high alert after last week's terrorist attack near the city Lyon, just six months after deadly Paris shootings. The attack have added new tensions to relations between French Jews and Muslims. France’s Jewish and Muslim communities also share a common heritage, though, and as far as one French rabbi is concerned, they are destined to be friends. From the Paris suburb of La Courneuve, Lisa Bryant reports about Rabbi Michel Serfaty and his friendship bus.
Video

Video S. Korea Christians Protest Gay Rights Festival

The U.S. Supreme Court decision mandating marriage equality nationwide has energized gay rights supporters around the world. Gay rights remain a highly contentious issue in a key U.S. ally, South Korea, where police did a deft job Sunday of preventing potential clashes between Christian protesters and gay activists. Kurt Achin reports from Seoul.
Video

Video Saudi Leaks Expose ‘Checkbook Diplomacy’ In Battle With Iran

Saudi Arabia’s willingness to wield its oil money on the global diplomatic stage appears to have been laid bare, after the website WikiLeaks published tens of thousands of leaked cables from Riyadh’s Ministry of Foreign Affairs. VOA's Henry Ridgwell reports.
Video

Video Nubians in Kenya Face Land Challenges

East Africa's ethnic Nubians have a rich cultural history that dates back thousands of years, but in Kenya they are facing hardships, including the loss of lands they have lived on for generations. They say the government has reneged on its pledge to award them title deeds for the plots. VOA's Lenny Ruvaga reports.
Video

Video Military Experts Question New Russian Tank Capabilities

Russia has been showing off its new tank design – the Armata T-14. Designers claim it is 20 years ahead of current Western designs - and driving it feels like playing a computer game. But military analysts question those assertions, and warn the cost could be too heavy a burden for Russia’s struggling economy. Henry Ridgwell reports.
Video

Video In Kenya, Police Said to Shoot First, Ask Questions Later

An organization that documents torture and extrajudicial killings says Kenyan police were responsible for 1,252 shooting deaths in five cities, including Nairobi, between 2009 and 2014, representing 67 percent of all gun deaths in the areas reviewed. Gabe Joselow has more from Nairobi.
Video

Video In Syrian Crisis, Social Media Offer Small Comforts

Za’atari, a makeshift city in Jordan, may be the only Syrian refugee camp to tweet its activities, in an effort to keep donors motivated as the war in Syria intensifies and the humanitarian crisis deepens. Inside the camp, families say mobile phone applications help hold together families that are physically torn apart. VOA’s Heather Murdock reports.

VOA Blogs

World Currencies

EUR
USD
0.8982
JPY
USD
122.88
GBP
USD
0.6363
CAD
USD
1.2374
INR
USD
63.836

Rates may not be current.