News / USA

    Shutdown Fuels Economic Concerns as Pressure Mounts on Boehner

    Shutdown Fuels Economic Concerns as Pressure Mounts on Boehneri
    X
    October 04, 2013 4:47 AM
    The continued budget impasse between Republicans and Democrats in the U.S. Congress is raising concerns that the rival parties may fail to agree on raising the U.S. debt ceiling by mid-October, which could cause the government to default on its debts. Both the U.S. Treasury and the IMF have called on lawmakers to end the budget crisis as soon possible to avert possible damage to the global economy.
    Shutdown Fuels Economic Concerns as Pressure Mounts on Boehner
    Zlatica Hoke
    The continued budget impasse between Republicans and Democrats in the U.S. Congress is raising concerns that the rival parties may fail to agree on raising the U.S. debt ceiling by mid-October, which could cause the government to default on its debts.  Both the U.S. Treasury and the IMF have called on lawmakers to end the budget crisis as soon possible to avert possible damage to the global economy.
     
    Polls show a growing number of Americans blame the Republican Party for the government shutdown.  In recent days, the spotlight has focused mostly on one lawmaker: House Republican Majority Leader John Boehner.  As Speaker of the House, he has blocked a vote on a temporary budget measure that would keep spending at current levels. There is support for such a measure among all Democrats and some Republicans.
     
    U.S. President Barack Obama joined the chorus of Boehner critics on Thursday while speaking to a group of construction workers in a Washington suburb. 
     
    "There are enough Republicans and Democrats in the House of Representatives today that if the Speaker of the House John Boehner simply let the bill get on the floor for an up or down vote, every congressman could vote their conscience, the shutdown would end today," said Obama.
     
    Boehner has so far refused to allow a vote on temporary funding that could return 800,000 federal employees from a current furlough. Political pundits cite two reasons this has not yet happened, despite a large majority of Americans disapproving of the shutdown. One is that Boehner would lose the support of his conservative caucus and, perhaps, his position as Speaker. The other is that he would lose clout in bargaining with Democrats on a new U.S. budget. 
     
    Republicans, meanwhile, have criticized the Democrat-led Senate for rejecting the idea of continuing to fund some agencies and programs, such as cancer treatment for children at the National Institute for Health.
     
    On Thursday, a group of Republicans sought to draw attention to the hardship that a lack of funding for that program will cause. Renee Ellmers, a North Carolina Republican and a former nurse, spoke passionately on behalf of children with cancer and their families.
     
    "If you've ever seen the looks on a parent's face when they are told that their child has cancer and then you take their hope away, the moment that they know that they can fight for it, they will," said Ellmers. 
     
    According to one estimate by Massachusetts-based IHS Inc., the shutdown of the federal government will cost at least $300 million a day in lost economic output. Those losses could still increase.
     
    IMF chief Christine Lagarde warned on Thursday that the U.S. budget crisis could also hurt the global economy.
     
    "The ongoing political uncertainty over the budget, over the debt ceiling, does not help. The government shutdown is bad enough. But failure to raise the debt ceiling would be far worse and could very seriously damage not only the US economy, but also the entire global economy," said Lagarde.
     
    The United States must raise its debt ceiling by October 17 to avoid the possibility of defaulting on its debts.

    You May Like

    Rolling Thunder Tribute to US Military Turns into a Trump Rally

    Half-million motorcycles are expected to rumble Sunday afternoon from Pentagon to Vietnam War Memorial for rally in event group calls Ride for Freedom

    The Struggle With Painkillers: Treating Pain Without Feeding Addiction

    'Wonder drug' pain medications have turned out to be major problem: not only do they run high risk of addicting the user, but they can actually make patients' chronic pain worse, US CDC says

    Video Canine Reading Buddies Help Students With Literacy

    Idea behind reading program is that sharing book with nonjudgmental companion boosts students' confidence and helps instill love of reading

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Roy Nunoo from: Tampa, Florida
    October 04, 2013 7:21 AM
    The politics of brinksmanship and the politics of my way or the high way has come to characterize Republican Tea Party platform planks and conservative extremist agenda. The GOP boasted of President Eisenhower's minimum wage in 1958. A practical solution to our current fiscal crisis is to enact a Constitutional Amendment requiring a balanced budget, to avoid such budget surpluses during the Clinton Administration quickly becoming budget deficits.

    by: Ramnarayan from: Florida, USA
    October 04, 2013 6:53 AM
    Mr. Speaker,
    Why are you holding our Country as hostage? If you and your party really care about the Country, why don't you ask the tea party to go take a hike and stop thus non sense. Why don't you and others to use the next general election to get a mandate for whatever you would propose and listen to the will of the people?

    It is time to show some courage and maturity. Don't just Blame the President and plead inability. You and the Democrats know how to come together when it suits your needs, raise in salary, exemption from paying more for healthcare, having aids and parking paid etc. etc. why can't you two come together in the interest of us average people, whom you are supposed to represent. Shame on you all.

    by: chas holman from: usa
    October 04, 2013 2:06 AM
    Speaker Boehner, why wont you let a clean CR come to the floor for a vote? Why are you holding even your own party hostage? Who is inside your pocket sooooo deep that it is worth you selling your very soul for?

    Inquiring minds want to know...

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Chinese-Americans Heart Trump, Bucking National Trendi
    X
    May 27, 2016 5:57 AM
    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Chinese-Americans Heart Trump, Bucking National Trend

    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Reactions to Trump's Success Polarized Abroad

    What seemed impossible less than a year ago is now almost a certainty. New York real estate mogul Donald Trump has won the number of delegates needed to secure the Republican presidential nomination. The prospect has sparked as much controversy abroad as it has in the United States. Zlatica Hoke has more.
    Video

    Video Drawings by Children in Hiroshima Show Hope and Peace

    On Friday, President Barack Obama will visit Hiroshima, Japan, the first American president to do so while in office. In August 1945, the United States dropped an atomic bomb on the city to force Japan's surrender in World War II. Although their city lay in ruins, some Hiroshima schoolchildren drew pictures of hope and peace. The former students and their drawings are now part of a documentary called “Pictures from a Hiroshima Schoolyard.” VOA's Deborah Block has the story.
    Video

    Video Vietnamese Rapper Performs for Obama

    A prominent young Vietnamese artist told President Obama said she faced roadblocks as a woman rapper, and asked the president about government support for the arts. He asked her to rap, and he even offered to provide a base beat for her. Watch what happened.
    Video

    Video Roots Run Deep for Tunisia's Dwindling Jewish Community

    This week, hundreds of Jewish pilgrims are defying terrorist threats to celebrate an ancient religious festival on the Tunisian island of Djerba. The festivities cast a spotlight on North Africa's once-vibrant Jewish population that has all but died out in recent decades. Despite rising threats of militant Islam and the country's battered economy, one of the Arab world's last Jewish communities is staying put and nurturing a new generation. VOA’s Lisa Bryant reports.
    Video

    Video Meet Your New Co-Worker: The Robot

    Increasing numbers of robots are joining the workforce, as companies scale back and more processes become automated. The latest robots are flexible and collaborative, built to work alongside humans as opposed to replacing them. VOA’s Tina Trinh looks at the next generation of automated employees helping out their human colleagues.
    Video

    Video Wheelchair Technology in Tune With Times

    Technologies for the disabled, including wheelchair technology, are advancing just as quickly as everything else in the digital age. Two new advances in wheelchairs offer improved control and a more comfortable fit. VOA's George Putic reports.
    Video

    Video Baby Boxes Offer Safe Haven for Unwanted Children

    No one knows exactly how many babies are abandoned worldwide each year. The statistic is a difficult one to determine because it is illegal in most places. Therefore unwanted babies are often hidden and left to die. But as Erika Celeste reports from Woodburn, Indiana, a new program hopes to make surrendering infants safer for everyone.
    Video

    Video California Celebration Showcases Local Wines, Balloons

    Communities in the U.S. often hold festivals to show what makes them special. In California, for example, farmers near Fresno celebrate their figs and those around Gilmore showcase their garlic. Mike O'Sullivan reports that the wine-producing region of Temecula offers local vintages in an annual festival where rides on hot-air balloons add to the excitement.
    Video

    Video US Elementary School Offers Living Science Lessons

    Zero is not a good score on a test at school. But Discovery Elementary is proud of its “net zero” rating. Net zero describes a building in which the amount of energy provided by on-site renewable sources equals the amount of energy the building uses. As Faiza Elmasry tells us, the innovative features in the building turn the school into a teaching tool, where kids can't help but learn about science and sustainability. Faith Lapidus narrates.

    Special Report

    Adrift The Invisible African Diaspora