John Boehner

Efforts to avoid default on debt torpedoed by Senate Democrats

Efforts to avoid default on debt torpedoed by Senate Democrats

Urgent efforts to prevent an economy-tanking U.S. default rose and then retreated with astonishing speed Thursday, as House Republicans floated a compromise and the White House appeared amenable, only for Senate Democrats to declare it unacceptable. “Not going to happen,” declared Majority Leader Harry Reid, standing outside the White House after he and fellow Democrats […]

White House calls GOP debt limit extension offer ‘encouraging’

White House calls GOP debt limit extension offer ‘encouraging’

The White House says House Speaker John Boehner‘s proposal for a short-term deal to increase the nation’s borrowing limit is an “encouraging sign.” Spokesman Jay Carney says President Barack Obama prefers a longer agreement to lift the debt ceiling and wants Republicans to pass a spending bill to reopen the federal government. But he did […]

Boehner offers six week extension on debt limit, but…

Boehner offers six week extension on debt limit, but…

Facing a fresh deadline, House Speaker John Boehner said Thursday that Republicans would vote to extend the government’s ability to borrow money for six weeks — but only if President Barack Obama first agrees to fresh negotiations on spending cuts. Under the Republican plan, the partial government shutdown would continue. Obama has insisted the debt […]

Obama hoping to reach solution with Republicans on shutdown

Obama hoping to reach solution with Republicans on shutdown

President Barack Obama is hosting top House Republicans to seek an opening in an impasse that has shuttered much of the government and threatens a catastrophic federal default. The White House meeting, set for Thursday, comes as House GOP leaders are contemplating advancing a short-term debt limit increase designed to calm jittery stock and bond […]

Republicans considering short-term debt limit increase

Republicans considering short-term debt limit increase

House Republican leaders are considering a short-term increase in the U.S. debt limit as a possible way to break out of the gridlock that threatens the nation with an unprecedented default in as little as a week, officials said Wednesday night. There now is far less urgency on Capitol Hill about ending the government shutdown, […]

Obama plans yet another meeting with Republicans

Obama plans yet another meeting with Republicans

President Barack Obama is making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown. With the shutdown in its ninth day Wednesday and a potential economy-shaking federal default edging ever […]

A hint of compromise hidden in Obama and Boehner’s hyperbole?

A hint of compromise hidden in Obama and Boehner’s hyperbole?

President Barack Obama and House Speaker John Boehner offered hints of possible compromise but also traded heated rhetoric Tuesday, a frustratingly inconclusive combination that left the eight-day partial government shutdown firmly in place and the threat of an unprecedented national default drawing closer. “There’s a crack there,” Boehner said of the impasse near the end […]

Senate Dems to try and pass increase in debt ceiling

Senate Dems to try and pass increase in debt ceiling

Democrats controlling the Senate are planning to try to pass a stand-alone measure to increase the government’s borrowing cap, challenging Republicans to a filibuster showdown that could unnerve financial markets as the deadline to a first-ever default on U.S. obligations draws closer. A spokesman said Senate Majority Leader Harry Reid could unveil the measure as […]

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