AngryCanadian
10-10-2013, 01:57 PM
Republicans push six-week debt limit hike
WASHINGTON (MarketWatch) — House Republican leaders on Thursday offered President Barack Obama what they called a “good faith” proposal to temporarily increase the nation’s debt ceiling and negotiate a budget deal, with the government remaining shuttered for a tenth straight day.
White House press secretary Jay Carney said the Republican debt-limit plan was “encouraging.” Obama would likely sign a short-term bill if it is “clean,” Carney said, meaning free of Republican policy prescriptions. But he added that the White House has seen no bill from House Republicans. He said that Obama “strongly prefers” a long-term increase in the borrowing limit.
The Republicans’ offer would not reopen the government. Boehner said that would be discussed at a White House meeting later Thursday.
It seems Obama is encouraged by the news as the market stocks are as well.
WASHINGTON (MarketWatch) — House Republican leaders on Thursday offered President Barack Obama what they called a “good faith” proposal to temporarily increase the nation’s debt ceiling and negotiate a budget deal, with the government remaining shuttered for a tenth straight day.
White House press secretary Jay Carney said the Republican debt-limit plan was “encouraging.” Obama would likely sign a short-term bill if it is “clean,” Carney said, meaning free of Republican policy prescriptions. But he added that the White House has seen no bill from House Republicans. He said that Obama “strongly prefers” a long-term increase in the borrowing limit.
The Republicans’ offer would not reopen the government. Boehner said that would be discussed at a White House meeting later Thursday.
It seems Obama is encouraged by the news as the market stocks are as well.