News Column

GOP Offers Short-term Solution to Debt Crisis

October 10, 2013

EFE Ingles

economics debt ceiling

Washington, Oct 10 (EFE).- Republican lawmakers in the U.S. House of Representatives on Thursday presented a plan to raise the debt ceiling for six weeks to allow time for negotiations on the budget.

The proposal emerged from a meeting of the House Republican caucus just hours before top GOP lawmakers were due at the White House for talks with President Barack Obama.

The initiative does not address ending the partial shutdown of the federal government, now in its tenth day.

"What we want to do is offer the president, today, an opportunity to move," House Speaker John Boehner said after the discussion with his caucus. "I would hope that the president would view this as an opportunity and a good-faith effort to meet him halfway."

The Republican will extend, without conditions, the national debt ceiling beyond its current deadline of Oct. 17.

Anticipating the GOP announcement, a White House official reiterated that Obama had made it clear that he would not pay "ransom" or accept conditions in exchange for Congress simply doing its job and approving an increase in the debt ceiling.

"Once Republicans in Congress act to remove the threat of default and end this harmful government shutdown, the president will be willing to negotiate on a broader budget agreement to create jobs, grow the economy and put our fiscal house in order," the official said.

"While we are willing to look at any proposal Congress puts forward to end these manufactured crises, we will not allow a faction of the Republicans in the House to hold the economy hostage to its extraneous and extreme political demands," the official said.

EFE

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(c) 2013 EFE News Services (U.S.) Inc.

Original headline: Republicans offer short-term boost in debt ceiling


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Source: (c) 2013 EFE News Services (U.S.) Inc.


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