WASHINGTON — 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. A large faction of Tea Party conservatives campaigned on promises never to vote to increase the nation’s debt limit, and say they do not believe the warnings — including from Republican business allies — that failing to act could provoke a default and economic chaos globally. And House Democrats vowed not to support the proposal without a companion measure to fully fund a government now shuttered for 10 days.
the GOP should just walk away now. its officially all on Obama...make him sweat it out
A large faction of Tea Party conservatives campaigned on promises never to vote to increase the nation’s debt limit, and say they do not believe the warnings — including from Republican business allies — that failing to act could provoke a default and economic chaos globally.
I know in your world you think that's how it is.
You would be wrong.
Nice to see O with a sack finally.
frick these guys...make them sweat and crawl to him...begging for a way out of a mess they created.
So Boner caves and then obama denies his cave
Boehner should just announce the House is taking it's xmass break early, everyone go home, if Odrama wants to stop acting like a three year oldand really talk, we might came back.
I will not negotiate with the Republicans
he's digging his own grave
Oct 2008: "You'll never get elected and pass healthcare."
Nov 2008: "We'll never let you pass healthcare."
Jan 2009: "We are going to shout you down every time you try to pass healthcare."
July 2009: "We will fight to the death every attempt you make to pass healthcare."
Dec 2009: "We will destroy you if you even consider passing healthcare."
March 2010: "We can't believe you just passed healthcare."
April 2010: "We are going to overturn healthcare."
Sept 2010: "We are going to repeal healthcare."
Jan 2011: "We are going to destroy healthcare."
Feb 2012: "We are going to elect a candidate who will immediately revoke healthcare."
June 2012: "We will go to the Supreme Court, and they will overturn healthcare."
Aug 2012: "The American people will never re-elect you, because they don't want healthcare."
Oct 2012: "We can't wait to win the election and explode healthcare."
Nov 2012: "We can't believe you just got re-elected and that we can't repeal healthcare."
Feb 2013: "We're still going to vote to obliterate healthcare."
June 2013: "We can't believe the Supreme Court just upheld healthcare."
July 2013: "We're going to vote like 35 more times to erase healthcare."
Sept 2013: "We are going to leverage a government shutdown into defunding, destroying, obliterating, overturning, repealing, dismantling, erasing and ripping apart healthcare."
Oct 2013: "WHY AREN'T YOU NEGOTIATING???"