News / USA

House Republicans Offer Temporary Extension of the Debt Limit

House Speaker John Boehner of Ohio speaks during a news conference on Capitol Hill in Washington on Oct. 10, 2013, following a meeting of House Republicans.
House Speaker John Boehner of Ohio speaks during a news conference on Capitol Hill in Washington on Oct. 10, 2013, following a meeting of House Republicans.
Cindy Saine
The Speaker of the U.S. House of Representatives, John Boehner, says his Republican caucus has agreed to a short term extension of the federal debt ceiling, to avert a possible default next week. The political impasse has kept large parts of the U.S. government shut down for 10 days.

Before a White House meeting with Democrat President Barack Obama, Republican congressmen met at the U.S. Capitol.

House of Representatives Speaker John Boehner emerged with an announcement that caused the U.S. stock market to surge even before he said it, as reports began to leak out from the meeting.

“So what we want to do is to offer the president today the ability to move, a “budget in exchange for his willingness to sit down and discuss with us a way forward to re-open the government and to start to deal with America’s pressing problems," said Boehner.   

In a statement released just before Boehner’s remarks, the White House said the president is willing to look at any proposals to end what he termed “manufactured crises”, but would prefer a one-year extension with no political strings attached.  

During the past two weeks, President Obama has repeatedly called on the Republican-led House to pass a measure to fund the entire federal government.  Speaker Boehner has called for the president to sit down and negotiate with Republicans before the House takes action.

Boehner said this is a chance to move forward.

“And I would hope that the president would look at this as an opportunity and a good faith effort on our part to move halfway, halfway to what he has demanded in order to have these conversations begin," said Boehner.

It is not clear if the president will view the announcement as an effort by Republicans to move “halfway” or just away from the brink of default.   After meeting with the president Wednesday, House Democrats, including their number two leader Steny Hoyer,  made clear they would prefer a longer term extension of the debt ceiling.   

“Democrats are prepared to make sure that the government pays its bills," said Hoyer. "But good policy, good economics and building confidence for the American people would be extending it for a substantial period of time so the markets will have the confidence of where we are going to be next week, next month and next year.”

Republican congressional aides said the proposal offered by Boehner would extend the debt ceiling until November 22nd, with no conditions attached.

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Comments
     
by: Mrs. Berry from: USA
October 10, 2013 10:37 AM
VOA=State Run Propaganda aimed at brainwashing the people into believing that "everything is ok".

Everything is OK, folks, carry on, nothing to see here, everything is OK.
In Response

by: Godwin from: Nigeria
October 10, 2013 1:25 PM
You can make out from this that the Republicans want to guide Mr. President against himself. He said he'd see to curbs in borrowing and deficits, but he sinks deep into it more than they expected from him. Now they give him a few weeks, thereafter they will give him another few weeks if still fails to make good his promise on curbing budget deficit. It is a necessary measure to help the president obey himself and keep to his campaign promise. The House Republicans are helping the president to remember his promises and not miss his mark on CHANGE, for he's been doing it business as usual, because both parties have done it over the years.
In Response

by: Chris from: USA
October 10, 2013 11:51 AM
Yes, this comment is more informative then the pathetic, "journalism" VOA pushes. The Dinosaur media is dead. Look to INDEPENDENT ALTERNATIVE NEWS, for truthful, accurate reporting, minus this propaganda vomit.

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