True World Intelligence News (TWIN)

Voice of Truth: Proclaimer of truth and defender of the faithful

The Government Cat Fight Continues: Obama Turns His Back on Republican Debt Ceiling Offer

leave a comment »

Bipartisan Congressional leadership meeting Fe...

Bipartisan Congressional leadership meeting February 2010 (Photo credit: Wikipedia)

President Obama on Thursday rejected a proposal from politically besieged House Republican leaders to extend the nation’s borrowing authority for six weeks because it would not also reopen the government. Yet both parties saw it as the first break in Republicans’ brinkmanship and a step toward a fiscal truce.
Twenty Republicans, led by Speaker John A. Boehner, went to the White House at Mr. Obama’s invitation after a day of fine-tuning their offer to increase the Treasury Department’s authority to borrow money to pay existing obligations through Nov. 22. In exchange, they sought the president’s commitment to negotiate a deal for long-term deficit reduction and a tax overhaul.
Mr. Boehner and his colleagues left after about an hour and a half without speaking to waiting reporters.
The Republican proposal could come to a vote as soon as Friday. But the White House and Congressional Democrats remained skeptical that House Republican leaders could pass the proposal.

READ MORE »

http://www.nytimes.com/2013/10/11/us/politics/debt-limit-debate.html?emc=edit_na_20131010

Advertisements

Written by voiceoftruthusa

October 12, 2013 at 4:42 am

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: