News / USA

Obama Presses Both Parties to Compromise on Debt

US president repeats view that crisis can be solved, but only if Democrats, Republicans work together

US President Barack Obama makes a statement on the debt ceiling talks to the press, July 29, 2011
US President Barack Obama makes a statement on the debt ceiling talks to the press, July 29, 2011
Kent Klein

Three days before the U.S. government is set to default, President Barack Obama is pressing both parties, especially Republicans, to compromise on raising the debt ceiling.  The president said again he believes an agreement can be reached.

In his weekly radio and Internet address, President Obama repeated his view that the crisis can be solved, but only if Democrats and Republicans work together.

“There are multiple ways to resolve this problem," he said.  "Congress must find common ground on a plan that can get support from both parties in the House and in the Senate.  And it has got to be a plan that I can sign by Tuesday.”

Watch President Obama's weekly speech

Senate Democrats and Republicans in the House of Representatives spent much of the weekend rejecting each other’s legislation to end the crisis.

However, as the president acknowledged Saturday, senators from both parties have been talking to each other about possible solutions.

“And I have to say, Democrats in Congress and some Senate Republicans have been listening, and have shown themselves willing to make compromises to solve this crisis," said the president.  'Now, all of us, including Republicans in the House of Representatives, need to demonstrate the same kind of responsibility that the American people show every day.  The time for putting party first is over.

The U.S. government will lose the ability to pay some of its bills on Tuesday if lawmakers do not increase its legal borrowing limit of $14.3 trillion, which it reached several months ago.

In the weekly Republican address, Senator Jon Kyl of the Southwestern state of Arizona said his party is committed to cutting spending, while Democrats continue trying to raise taxes.

“Unfortunately, after weeks of negotiations, it became clear that Democrats in Washington did not view this crisis as an opportunity to rein in spending.  Instead, they saw it as an opportunity to impose huge tax increases on American families and small businesses,” he said.

Watch Republican weekly address

Democrats have agreed to cut spending, which Republicans have insisted on.  But the two parties have disagreed over ending tax breaks for wealthy Americans, reducing spending on social programs, and proposing a constitutional amendment requiring a balanced federal budget.

You May Like

Turkey's Controversial Reform Bill Giving Investors Jitters

Homeland security reform bill will give police new powers in search, seizure, detention and arrests, while restricting the rights of suspects, their attorneys More

Audio Slideshow In Kenyan Prison, Good Grades Are Path to Freedom

Some inmates who get high marks could see their sentences commuted to non-custodial status More

Ali Regained Title in Historic Fight 40 Years Ago

'The Champ' knocked Foreman out to regain crown he had lost 7 years earlier when US government accused him of draft-dodging and boxing officials revoked his license More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Victorious Secularists Face Challenge to Form Government in Tunisiai
X
Henry Ridgwell
October 30, 2014 11:39 PM
Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Victorious Secularists Face Challenge to Form Government in Tunisia

Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Africa Tells its Story Through Fashion

In Africa, Fashion Week is a riot of colors, shapes, patterns and fabrics - against the backdrop of its ongoing struggle between nature and its fast-growing urban edge. How do these ideas translate into needle and thread? VOA’s Anita Powell visited this year’s Mercedes Benz Fashion Week Africa in Johannesburg to find out.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
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 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.

All About America

AppleAndroid