News / USA

Angry Obama Says House Republicans Walked Away From Deal

President Barack Obama makes a statement on the breakdown of debt-ceiling talks, in the Brady Briefing Room at the White House in Washington, DC, July 22, 2011
President Barack Obama makes a statement on the breakdown of debt-ceiling talks, in the Brady Briefing Room at the White House in Washington, DC, July 22, 2011

President Barack Obama and Republicans in the U.S. House of Representatives are trading accusations after negotiations for a substantial deficit reduction and debt ceiling package broke down, at least temporarily. Obama said Republicans walked away from a deal, while a top Republican blamed the breakdown on the president.

Appearing in the White House briefing room with only a few minutes warning late Friday, a visibly angry and frustrated president said he had received a phone call just 30 minutes earlier from House Speaker Republican John Boehner.

He said Boehner informed him that he was walking away from negotiations for a big deficit- and debt-reduction package, which reports have said could be in the $3 trillion range of combined spending cuts and revenue.

Obama said he offered Boehner a package containing more than $1 trillion in cuts to domestic and defense discretionary spending, with an additional $650 billion in savings from major government entitlement programs, that would preserve their integrity.

VOA's Jim Randle speaks with Professor Walt Schubert of La Salle University about government debt and why Greek debt worries lenders more than U.S. debt:

The president said the White House was seeking revenues less than what the "Gang of Six" bipartisan group of senators proposed this week, and that he had taken "a lot of heat" from his own party.

Obama questioned why Boehner would walk away from "an extraordinarily fair deal."

"It is hard to understand why Speaker Boehner would walk away from this kind of deal, and frankly if you look at the commentary out there, there are a lot of Republicans who are puzzled as to why it couldn't get done," said the president.

Obama, who said he had trouble getting Boehner to return his phone call on Friday, has called Republican and Democratic leaders back to the White House on Saturday and expects them to supply a solution.

"I want them here at 11:00 tomorrow. We have run out of time, and they are going to have to explain to me how it is that we are going to avoid default," he said.

Obama warned again of the impacts for the U.S. credit rating if the $14.3 trillion debt ceiling is not raised, or if the debt limit is merely extended for another six months.

Toward the end of the dramatic appearance, he said he would sign an extension of the debt ceiling through 2013, but said he cannot believe Congress would be "that irresponsible" that they would not avoid a "self-inflicted wound" on the economy.

Appearing before reporters on Capitol Hill, Boehner accused President Obama of "moving the goal posts" and suddenly proposing some $400 billion in additional revenue that Boehner said amounted to nothing but a tax increase.

"I gave the president's proposal serious consideration," said Boehner. "But let's understand something, there was an agreement with the White House at $800 billion in revenue. It's the president who walked away from his agreement and demanded more money, at the last minute."

Boehner said he remains confident congressional leaders from both parties can come together and achieve an agreement next week to avoid a debt default.

The breakdown in negotiations came after U.S. markets had closed. Asked about the impact on Wall Street on Monday, Obama said he remains confident there will be an extension of the debt limit.

However, he said Americans facing hard economic times are "desperate" for leaders in Washington to put aside politics and "get something done."

You May Like

Pundits Split Over Long-Term US Role in Afghanistan

Security pact remains condition for American presence beyond 2014; deadline criticized More

US Eyes Islamic State Threat

Officials warn that IS could pose a threat to US homeland More

Video Ukraine: Captured Troops Proof of Russian Role in Separatist Fight

Moscow says Russian troops crossed into Ukrainian territory by mistake 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.
Scientists Unlock Mystery of Bird Flocksi
X
George Putic
August 25, 2014 4:00 PM
How can flocks of birds, schools of fish or herds of antelope suddenly change direction -- all the individuals adjusting their movement in concert, at seemingly the same time? British researchers now have some insights into this behavior, which has puzzled scientists for a long time. VOA's George Putic has more.
Video

Video Scientists Unlock Mystery of Bird Flocks

How can flocks of birds, schools of fish or herds of antelope suddenly change direction -- all the individuals adjusting their movement in concert, at seemingly the same time? British researchers now have some insights into this behavior, which has puzzled scientists for a long time. VOA's George Putic has more.
Video

Video Ukraine: Captured Troops Proof of Russian Role in Separatist Fight

Ukrainian officials say they have captured Russian soldiers on Ukrainian territory -- the latest accusation of Moscow's involvement in the conflict in eastern Ukraine. VOA's Gabe Joselow reports from the Ukrainian side of the battle, where soldiers are convinced of Russia's role.
Video

Video Rubber May Soon Come From Dandelions

Synthetic rubber has been around for more than a century, but quality tires for cars, trucks and aircraft still need up to 40 percent or more natural rubber content. As the source of natural rubber, the rubber tree, is prone to disease and can be affected by bad weather. So scientists are looking for replacements. And as VOA’s George Putic reports, they may have found one in a ubiquitous weed.
Video

Video Jewish Life in Argentina Reflected in Yiddish Tango

Jewish people from across Europe and Russia have been immigrating to Argentina for hundreds of years. They brought with them dance music that were eventually mixed with Argentine tango. The result is Yiddish tango -- a fusion of melodies and cultural experiences that is still evolving today. Elizabeth Lee reports from the Skirball Cultural Center in Los Angeles, where one band is bringing Yiddish tango to an American audience.
Video

Video Peace Returns to Ferguson as Community Tries to Heal

Thousands of people nationwide are expected to attend funeral services Monday in the U.S. Midwestern city of St. Louis, Missouri, for Michael Brown, the unarmed African-American teenager who was fatally shot by a white police officer August 9 in the St. Louis suburb of Ferguson. The shooting touched off days of violent demonstrations there, resulting in more than 100 arrests. VOA's Chris Simkins reports from Ferguson where the community is trying to move on after weeks of racial tension.
Video

Video Meeting in Minsk May Hinge on Putin Story

The presidents of Russia and Ukraine are expected to meet face-to-face Tuesday in Minsk, along with European leaders, for talks on the situation in Ukraine. Political analysts say the much welcomed dialogue could help bring an end to months of deadly clashes between pro-Russia separatists and Ukrainian forces in the country's southeast. But much depends on the actions of one man, Russian President Vladimir Putin. VOA's Daniel Schearf reports from Moscow.
Video

Video Artists Shun Russia's Profanity Law

Russia in July enacted a law threatening fines for publicly displayed profanity in media, films, literature, music and theater. The restriction, the toughest since the Soviet era, aims to protect the Russian language and culture and has been welcomed by those who say cursing is getting out of control. But many artists reject the move as a patronizing and ineffective act of censorship in line with a string of conservative morality laws. VOA's Daniel Schearf reports from Moscow.
Video

Video British Fighters on Frontline of ISIS Information War

Security services are racing to identify the Islamic State militant who beheaded U.S. journalist James Foley in Syria. The murderer spoke English on camera with a British accent. It’s estimated that several hundred British citizens are fighting for the Islamic State, also called ISIL or ISIS, alongside thousands of other foreign jihadists. Henry Ridgwell reports for VOA from the center of the investigation in London.

AppleAndroid