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

    New EU Asylum Rules Could Boost Rightists

    New regulations will seek to correct EU failures in dealing with migrant crisis, most notably inability to get member states to absorb a total of 160,000 refugees

    More Political Turmoil Likely in Iraq as Iran Waits in the Wings

    Analysts warn that Tehran, even though it may not be engineering the Sadrist protests in Baghdad, is seeking to leverage its influence on its neighbor

    Forced Anal Testing Case to Appear Before Kenya Court

    Men challenge use of anal examinations to ‘prove homosexuality’; practice accomplishes nothing except to humiliate those subjected to them, according to Human Rights Watch

    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.
    Tensions Rising Ahead of South China Sea Rulingi
    X
    May 03, 2016 5:16 PM
    As the Philippines awaits an international arbitration ruling on a challenge to China's claims to nearly all of the South China Sea, it is already becoming clear that regardless of which way the decision goes, the dispute is intensifying. VOA’s Bill Ide has more from Beijing.
    Video

    Video Tensions Rising Ahead of South China Sea Ruling

    As the Philippines awaits an international arbitration ruling on a challenge to China's claims to nearly all of the South China Sea, it is already becoming clear that regardless of which way the decision goes, the dispute is intensifying. VOA’s Bill Ide has more from Beijing.
    Video

    Video Painting Captures President Lincoln Assassination Aftermath

    A newly restored painting captures the moments following President Abraham Lincoln’s assassination in 1865. It was recently unveiled at Ford’s Theatre in Washington, where America’s 16th president was shot. It is the only known painting by an eyewitness that captures the horror of that fateful night. VOA’s Julie Taboh tells us more about the painting and what it took to restore it to its original condition.
    Video

    Video Elephant Summit Results in $5M in Pledges, Presidential Support

    Attended and supported by three African presidents, a three-day anti-poaching summit has concluded in Kenya, resulting in $5 million in pledges and a united message to the world that elephants are worth more alive than dead. The summit culminated at the Nairobi National Park with the largest ivory burn in history. VOA’s Jill Craig attended the summit and has this report about the outcomes.
    Video

    Video Displaced By War, Syrian Artist Finds Inspiration Abroad

    Saudi-born Syrian painter Mohammad Zaza is among the millions who fled their home for an uncertain future after Syria's civil war broke out. Since fleeing Syria, Zaza has lived in Lebanon, Egypt, Jordan and now Turkey where his latest exhibition, “Earth is Blue like an Orange,” opened in Istanbul. He spoke with VOA about how being displaced by the Syrian civil war has affected the country's artists.
    Video

    Video Ethiopia’s Drought Takes Toll on Children

    Ethiopia is dealing with its worst drought in decades, thanks to El Nino weather patterns. An estimated 10 million people urgently need food aid. Six million of them are children, whose development may be compromised without sufficient help, Marthe van der Wolf reports for VOA from the Metahara district.
    Video

    Video Little Havana - a Slice of Cuban Culture in Florida

    Hispanic culture permeates everything in Miami’s Little Havana area: elderly men playing dominoes as they discuss politics, cigar rollers deep at work, or Cuban exiles talking with presidential candidates at a Cuban coffee window. With the recent rapprochement between Cuba and United States, one can only expect stronger ties between South Florida and Cuba.
    Video

    Video California Republicans Weigh Presidential Choices Amid Protests

    Republican presidential candidates have been wooing local party leaders in California, a state that could be decisive in selecting the party's nominee for U.S. president. VOA's Mike O’Sullivan reports delegates to the California party convention have been evaluating choices, while front-runner Donald Trump drew hundreds of raucous protesters Friday.
    Video

    Video Kurdish Football Team Helps War-Torn City Cope

    With the conflict still raging across much of Turkey’s predominantly Kurdish southeast, between the rebel PKK and the Turkish state, many Kurds are trying to escape the turmoil by focusing on the success of their football team Amedspor in Diyarbakir. The club is increasingly becoming a symbol for Kurds, not only in Diyarbakir but beyond. Dorian Jones reports from southeast Turkey.
    Video

    Video ‘The Lights of Africa’ - Through the Eyes of 54 Artists

    An exhibition bringing together the work of 54 African artists, one from each country, is touring the continent after debuting at COP21 in Paris. Called "Lumières d'Afrique," the show centers on access to electricity and, more figuratively, ideas that enlighten. Emilie Iob reports from Abidjan, the exhibition's first stop.
    Video

    Video Florida’s Weeki Wachee ‘Mermaids’ Make a Splash

    Since 1947, ‘mermaids’ have fascinated tourists at central Florida’s Weeki Wachee Springs State Park with their fluid movements and synchronized ballet. Performing underwater has its challenges, including cold temperatures and a steady current, as VOA’s Lin Yang and Joseph Mok report.
    Video

    Video Somali, African Union Forces Face Resurgent Al-Shabab

    The Islamic State terror group claimed its first attack in Somalia earlier this week, though the claim has not been verified by forces on the ground. Meanwhile, al-Shabab militants have stepped up their attacks as Somalia prepares for elections later this year. Henry Ridgwell reports there are growing frustrations among Somalia’s Western backers over the country’s slow progress in forming its own armed forces to establish security after 25 years of chaos.
    Video

    Video Nigerians Feel Bite of Buhari Economic Policy

    Despite the global drop in the price of oil, Nigerian President Muhammadu Buhari has refused to allow the country's currency to devalue, leading to a shortage of foreign exchange. Chris Stein reports from Lagos businessmen and consumers are feeling the impact as the country deals with a severe fuel shortage.

    Special Report

    Adrift The Invisible African Diaspora