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

Video One Year After Thai Coup, No End in Sight for Military Rule

Since carrying out the May 22, 2014 coup, the general has retired from the military but is still firmly in charge More

Goodbye, New York

This is what the fastest-growing big cities in America have in common More

Job-Seeking Bangladeshis Risk Lives to Find Work

The number of Bangladeshi migrants on smugglers’ boats bound for Southeast Asian countries has soared in the past two years More

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.
Turkey's Main Opposition Party Hopes for Election Breakthroughi
X
May 22, 2015 10:23 AM
Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Turkey's Main Opposition Party Hopes for Election Breakthrough

Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Europe Follows US Lead in Tackling ‘Conflict Minerals’

Metals mined from conflict zones in places like the Democratic Republic of Congo are often sold by warlords to buy weapons. This week European lawmakers voted to force manufacturers to prove that their supply chains are not inadvertently fueling conflicts and human rights abuses. Henry Ridgwell reports from London.
Video

Video Class Tackles Questions of Race, Discrimination

Unrest in some U.S. cities is more than just a trending news item at Ladue Middle School in St. Louis, Missouri. As VOA’s Kane Farabaugh reports, it’s a focus of a multicultural studies class engaging students in wide-ranging discussions about racial tensions and police aggression.
Video

Video Mind-Controlled Prosthetics Are Getting Closer

Scientists and engineers are making substantial advances towards the ultimate goal in prosthetics – creation of limbs that can be controlled by the wearer’s mind. Thanks to sophisticated sensors capable of picking up the brain’s signals, an amputee in Iceland is literally bringing us one step closer to that goal. VOA’s George Putic reports.
Video

Video Afghan Economy Sinks As Foreign Troops Depart

As international troops prepare to leave Afghanistan, and many foreign aid groups follow, Afghans are grappling with how the exodus will affect the country's fragile economy. Ayesha Tanzeem reports from the Afghan capital, Kabul.
Video

Video Poverty, Ignorance Force Underage Girls Into Marriage

The recent marriage of a 17-year old Chechen girl to a local police chief who was 30 years older and already had a wife caused an outcry in Russia and beyond. The bride was reportedly forced to marry and her parents were intimidated into giving their consent. The union spotlighted yet again the plight of many underage girls in developing countries. Zlatica Hoke reports poverty, ignorance and fear are behind the practice, especially in Asia and Africa.
Video

Video South Korea Marks Gwangju Uprising Anniversary

South Korea this week marked the 35th anniversary of a protest that turned deadly. The Gwangju Uprising is credited with starting the country’s democratic revolution after it was violently quelled by South Korea’s former military rulers. But as Jason Strother reports, some observers worry that democracy has recently been eroded.
Video

Video California’s Water System Not Created To Handle Current Drought

The drought in California is moving into its fourth year. While the state's governor is mandating a reduction in urban water use, most of the water used in California is for agriculture. But both city dwellers and farmers are feeling the impact of the drought. Some experts say the state’s water system was not created to handle long periods of drought. Elizabeth Lee reports from Ventura County, an agricultural region just northwest of Los Angeles.
Video

Video How to Clone a Mammoth: The Science of De-Extinction

An international team of scientists has sequenced the complete genome of the woolly mammoth. Led by the Swedish Museum of Natural History in Stockholm, the work opens the door to recreate the huge herbivore, which last roamed the Earth 4,000 years ago. VOA’s Rosanne Skirble considers the science of de-extinction and its place on the planet
Video

Video Blind Boy Defines His Life with Music

Cole Moran was born blind. He also has cognitive delays and other birth defects. He has to learn everything by ear. Nevertheless, the 12-year-old has had an insatiable love for music since he was born. VOA’s June Soh introduces us to the young phenomenal harmonica player.

VOA Blogs