69360
10-10-2013, 09:37 AM
Boehner is about to cave on the debt ceiling and offer a 6 week increase. They are still pushing the lie that the US will default, which is not true.
Everyone with a GOP congressman fire up the hate mail.
http://www.washingtonpost.com/politics/lew-tells-senate-panel-debt-default-would-force-perilous-choices-on-economy/2013/10/10/5c1f648c-31a5-11e3-9c68-1cf643210300_print.html
BREAKING NEWS, 11:29: House Republican leaders will offer a bill authorizing a temporary increase in the debt ceiling, in exchange for discussions on reopening the government, funding the budget.
This story will update soon.
House Republican leaders are pushing a six-week increase in the debt limit, without any conservative strings attached, to calm jittery financial markets, according to senior GOP advisers.
The plan was presented to the House GOP caucus Thursday morning after Treasury Secretary Jack Lew warned a Senate panel that he would be unable to guarantee payments to any group — whether Social Security recipients or U.S. bondholders — unless Congress raises the federal debt ceiling.
If the GOP plan goes over well with rank-and-file Republicans, Speaker John A. Boehner (R-Ohio) could put the legislation on the floor for a vote late Thursday, aides said.
[See the latest updates on the shutdown.]
Financial markets soared on the first sign of optimistic news out of Washington in almost a month, with the Dow Jones industrial average up 169 points in the first 15 minutes of trading. The emerging plan would not deal with the now 10-day-old shutdown of the federal government, an issue that would move onto a separate track of talks.
The plan would meet President Obama’s demand for an increase in Treasury’s borrowing authority without any legislative riders, meaning that Democrats would likely support the plan and it could be signed into law. But it would set the stage for tough negotiations, possibly lasting until Thanksgiving, over bigger fiscal matters, since the tentative plan calls for only a six-week increase of the debt limit.
Advisers cautioned that Boehner’s often unruly caucus, which has repeatedly rejected leadership initiatives in the past, needs to sign off on the plan before it can advance.
http://www.washingtonpost.com/politics/lew-tells-senate-panel-debt-default-would-force-perilous-choices-on-economy/2013/10/10/5c1f648c-31a5-11e3-9c68-1cf643210300_print.html
Everyone with a GOP congressman fire up the hate mail.
http://www.washingtonpost.com/politics/lew-tells-senate-panel-debt-default-would-force-perilous-choices-on-economy/2013/10/10/5c1f648c-31a5-11e3-9c68-1cf643210300_print.html
BREAKING NEWS, 11:29: House Republican leaders will offer a bill authorizing a temporary increase in the debt ceiling, in exchange for discussions on reopening the government, funding the budget.
This story will update soon.
House Republican leaders are pushing a six-week increase in the debt limit, without any conservative strings attached, to calm jittery financial markets, according to senior GOP advisers.
The plan was presented to the House GOP caucus Thursday morning after Treasury Secretary Jack Lew warned a Senate panel that he would be unable to guarantee payments to any group — whether Social Security recipients or U.S. bondholders — unless Congress raises the federal debt ceiling.
If the GOP plan goes over well with rank-and-file Republicans, Speaker John A. Boehner (R-Ohio) could put the legislation on the floor for a vote late Thursday, aides said.
[See the latest updates on the shutdown.]
Financial markets soared on the first sign of optimistic news out of Washington in almost a month, with the Dow Jones industrial average up 169 points in the first 15 minutes of trading. The emerging plan would not deal with the now 10-day-old shutdown of the federal government, an issue that would move onto a separate track of talks.
The plan would meet President Obama’s demand for an increase in Treasury’s borrowing authority without any legislative riders, meaning that Democrats would likely support the plan and it could be signed into law. But it would set the stage for tough negotiations, possibly lasting until Thanksgiving, over bigger fiscal matters, since the tentative plan calls for only a six-week increase of the debt limit.
Advisers cautioned that Boehner’s often unruly caucus, which has repeatedly rejected leadership initiatives in the past, needs to sign off on the plan before it can advance.
http://www.washingtonpost.com/politics/lew-tells-senate-panel-debt-default-would-force-perilous-choices-on-economy/2013/10/10/5c1f648c-31a5-11e3-9c68-1cf643210300_print.html