President Barack Obama says he won’t give Republicans controlling Congress concessions on must-pass legislation to increase the government’s borrowing cap.
Obama acknowledged that Speaker John Boehner’s (R-Ohio) plans to leave Congress in October will complicate budget negotiations with congressional leaders, but said he believed there is a path to an agreement. “This is not the way the United States should be operating”.
Treasury Secretary Jack Lew announced Thursday the debt ceiling would likely have to be raised by November. 5. A few Republicans want to defund the nonprofit because of controversial videos that were released over the summer, which purportedly show Planned Parenthood selling organs for profit.
He said that “messing with the debt limit” could put the financial system in a tailspin similar to the financial crisis of 2008.
The spending levels date back to 2011 negotiations over raising the nation’s debt limit, and that deal ultimately imposed automatic, indiscriminate, and across-the-board cuts on the domestic and military sides.
The framework McConnell seeks would be in keeping with a bipartisan two-year budget deal negotiated in 2013. “We’re not going to negotiate on that”. And it came as Republican leadership in the House was in flux. Chaffetz chairs the Oversight and Government Reform Committee and has led high-profile hearings on the Secret Service, Planned Parenthood and other issues.
Congress “can’t flirt with another shutdown”, President…
Obama said Russian President Vladimir Putin has not attracted global support for his approach in Syria, which is a longstanding Russian ally.