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

EU Court Fines Poland for Hosting CIA 'Black Sites'

Ruling is first time a court has acknowledged suspects were held and tortured at the sites, under US program launched following the 9/11 terrorist attacks More

Migrant Issues Close to Home Spur Groups to Take Action

Groups placing water, food in the desert, or aiding detainees after release, have one common goal: no more deaths of migrants crossing illegally into the US More

Video At AIDS Conference, Prevention Pill Stirs Excitement

Truveda shows promise, spurring debate over access and other approaches More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Israel Targets Gaza Supply Tunnelsi
X
July 24, 2014 4:42 AM
The Israeli military has launched a ground operation in Gaza to destroy the myriad tunnels that may have been used to smuggle weapons to Hamas. VOA's Zlatica Hoke reports that could mean more hardship for the people of Gaza, who obtain some of their essential supplies through these underground passages
Video

Video Israel Targets Gaza Supply Tunnels

The Israeli military has launched a ground operation in Gaza to destroy the myriad tunnels that may have been used to smuggle weapons to Hamas. VOA's Zlatica Hoke reports that could mean more hardship for the people of Gaza, who obtain some of their essential supplies through these underground passages
Video

Video MH17's 'Black Boxes' Could Reveal Crash Details

The government of Malaysia now has custody of the cockpit voice and flight data recorders from Malaysia Airlines Flight 17, which was hit by a missile over Ukraine before crashing last week. As VOA's Carolyn Presutti reports, the so-called black boxes may hold information about the final minutes of the flight.
Video

Video Living in the Shadows Panel Discussion

Following a screening of the new VOA documentary, "AIDS - Living in the Shadows," at the World AIDS conference in Melbourne, a panel discussed the film and how to combat the stigma associated with HIV/AIDS.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.
Video

Video Relic of Saint Draws Catholics Worried About Immigration Issue

A Roman Catholic saint who is a figure of devotion for those crossing the border into the United States is attracting believers concerned about the plight of undocumented immigrants. Mike O'Sullivan reports from Los Angeles, where a relic of Saint Toribio has drawn thousands to local churches.
Video

Video US Awards Medal of Honor for Heroics in Bloodiest of Afghan Battles

U.S. combat troops are withdrawing from Afghanistan, on pace to leave the country by the end of this year. But on Monday, U.S. President Barack Obama took time to honor a soldier whose actions while under fire in Afghanistan earned him the Medal of Honor. VOA's Jeff Seldin has more from the Pentagon.
Video

Video Ukraine Rebels Surrender MH17 Black Boxes

After days of negotiations, a senior separatist leader handed over two black boxes from an airliner downed over eastern Ukraine to Malaysian experts early Tuesday. While on Monday, the U.N. Security Council unanimously demanded that armed groups controlling the crash site allow safe and unrestricted access to the wreckage.
Video

Video In Cambodia, HIV Diagnosis Brings Deadly Shame

Although HIV/AIDS is now a treatable condition, a positive diagnosis is still a life altering experience. In Cambodia, people living with HIV are often disowned by friends, family and the community. This humiliation can be unbearable. We bring you one Cambodian woman’s struggle to overcome a life tragedy and her own HIV positive diagnosis.

AppleAndroid

World Currencies

EUR
USD
0.7305
JPY
USD
101.53
GBP
USD
0.5830
CAD
USD
1.0656
INR
USD
60.075

Rates may not be current.