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Tuesday, October 25, 2016

House Republicans announced on Thursday that they will offer legislation temporarily increasing the debt limit, in exchange for “good-faith negotiations” with the White House over the federal budget.

“What we want to do is to offer the president today the opportunity to move a temporary increase in the debt ceiling,” House Speaker John Boehner (R-OH) told reporters, in exchange for “willingness to sit down and discuss with us a way forward to reopen the government, and to start to deal with America’s pressing problems.”

Boehner did not specify which issues qualify as “pressing problems,” but House Republican Conference chair Cathy McMorris Rodgers (R-WA) highlighted “long-term debt drivers,” sounding much like the plan that Rep. Paul Ryan (R-WI) floated in a Wednesday op-ed column.

Although Speaker Boehner has repeatedly failed to unite his caucus around his legislative gambits in the past, there are hopeful signs that Republicans will get on board with the short-term increase. Right-wing representatives such as Steve King (R-IA) and Michele Bachmann (R-MN), who have typified the opposition to the Speaker in the past, are signaling that the Republican caucus could support Boehner in this instance.

Democrats may be a tougher sell. The proposal would not reopen the federal government, which will likely be a sticking point with the White House. President Barack Obama has vowed not to negotiate with House Republicans until both the government shutdown and the threat to breach the debt ceiling end.

“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,” an anonymous White House official told Politico on Thursday. “Congress needs to pass a clean debt limit increase and a funding bill to reopen the government.”

House Republicans will presumably discuss their plan with President Obama when 18 GOP House leaders and committee chairs meet with him at the White House on Thursday afternoon. The House is not expected to bring any legislation to the floor until after the meeting takes place.

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Copyright 2013 The National Memo
  • docb

    The caveat in this tripe proposal is that the Treasury would NOT be allowed to use their powers to avert default..More crap from the dithering children of the right!
    No more bandages from the hostage takers of the childish right!

  • Lynda Groom

    Can’t these fools just increase the ceiling for a year or so? This plan is just a band aid forcing all of us to deal with this nonsense again for the holidays. What a joke.

  • sigrid28

    What I want to know is whether the Senate can amend this bill to make it clean and to extend the time period it covers, let’s say one year instead of six weeks and NO STRINGS ATTACHED like tying the hands of the Treasury? It has to go through the Senate before it reaches the desk of the president just for this purpose. My question is, does it then have to go back to the House, to sign off on amendments to the bill it sent over? If so, let the fur fly! The world is watching. It will not see a short term bill that ties the hands of those who handle the world’s loans to us as suitable, nor will the stock markets. No strings attached means no strings attached.

  • rhallnj

    Why can’t Lew take advantage of any extension to do some massive borrowing and build up a cash position that will carry us well into next year?

  • docb

    No boneher and the baggers did not…and President Obama told them — NO! Just now!

  • Sand_Cat

    KEEP IT SHUT DOWN. There is no such thing as “good faith negotiations” with Republicans. Someone has to make clear that this is unacceptable behavior, and will never be rewarded.

  • clarenceswinney

    An argument against it is that it singles them our for higher taxes
    The excise tax is huge 2.3%. Health care reform will increase demand
    for devices over all. Ir does not apply to devices made in USA and exported.
    It does apply to imported devices. Therefore, it was designed to protect competitiveness
    and job creation in USA—for a change.