Wednesday, October 9, 2013

The White House to reduce deficit or to extend the debt limit?

President Barack Obama plans to talk to Republican lawmakers at the White House in the coming days as the pressure mounts on both sides to resolve the impasse over the federal debt ceiling and partial government shutdown .
With the ruling in its ninenth day on Wednesday , and an economy that undermines edging closer to a possible federal default , neither side shows clear signs of bending .
In the middle of the conversation is difficult , however, there was a suggestion of the possibility of a temporary truce . There were signs that both parties should be open to short-term extension of the debt limit $ 16700000000000 and end to temporarily stop giving more time to resolve their differences in their .

Obama was huddling with House Democrats Wednesday afternoon that both parties seek a way forward .

So far , the standoff base remains the same . Republicans claim talks on deficit reduction in 2010 and Obama Health Care Act as the price to boost the government's borrowing authority and return to work of employees . The president insisted that Congress closed head first and extending the debt limit before it is discussed .

President said Boehner , R - Ohio , March did not see " lines in the sand . " He sidestepped a question about whether he had raised the limit on government debt and funds for short periods of time , saying : "I do not going into a lot of speculation . "

A few hours later , Obama used a news conference at the White House to say he "absolutely " will discuss with the Republicans on " every item in the budget " if Congress sent him the first measures of short - term gives up close , and to extend the debt limit .

"There is a crack there," said the impasse Boehner Tuesday night , but warns against optimism .

The White House said Obama joined Republicans in the House Boehner in the next few days with an invitation to the White House . It also plans to meet with senators from both parties , officials said .

In the White House to sit down with the leaders of the Republican and Democrat Congress last week resulted in any progress . But the stakes are higher and higher .
The financial world is flashing clear signs that Washington fears twins fight hurt the economy .
The stock market fell again on Tuesday , with the Dow fell nearly 160 points , or 1.1 percent . International Monetary Fund cut its forecast of global growth and the U.S. until 2014 , warning that it could not renew the debt limit raise interest rates and push the U.S. economy into recession .
The Obama administration has said that if Congress acts , this is expected to have pocket money estimated $ 30000000000 in the amount of money given to the government by October 17 and can spend tens billion more than the peak days and $ 3.6 trillion year .

Hit this date without congressional action perhaps unprecedented federal deficit would hurt the economy and deal lasting damage to the government's ability to borrow money , many economists warn . Some Republicans have expressed doubts that the injury severity .

On Tuesday , Senate Democrats have introduced legislation that would avoid these situations by allowing the government to borrow money until 31 December 2014. It included no spending cuts or other measures to reduce the deficit many Republicans seek .

The fate of the bill is uncertain , as the 54 votes Democrats can collect is generally lower than the 60 votes they needed to overcome conservative barrier to derail the bill . Seems an initial test vote likely by Saturday .

View the gallery . " Making House Speaker John Boehner , R - Ohio , and ...
Making House Speaker John Boehner , R - Ohio , a statement outside his office in response to Presid ...
Economic tremors Tuesday did little to change the requirements on each side .

He said Obama would discuss , but added . "I will not do that until the most extreme parts of the views of the Republican Party John Boehner forced to issue threats to our economy , we can not do the usual extortion under our democracy . "

Two hours later, Boehner sound.

"What the president said today if it was unconditional surrender by the Republicans , they will sit down and talk to us , " said Boehner . " This is not how our government works . "

In the meantime , Paul Ryan , the Republican chairman of the House Finance Committee and the party's candidate for the post of vice - president , offered in a Wall Street Journal op - ed published Wednesday that the impasse is not resolved by both parties agree to enter into " common sense reforms to the country's social programs and the tax code . "

Ryan suggested that Obama is being dishonest about refusing to discuss strategic issues in the process of getting the debt limit has increased for a tour of the mouth hole spending bill to allow the government to resume normal activities .

He said that " many presidents have traded on the debt ceiling - . Including himself "

In the House, Republicans will continue their tactics to push through narrowly targeted bills - despite Democratic objections - to restart parts of popular government .

On Wednesday , they plan to vote on a measure to fund death benefits to families of fallen U.S. soldiers . Stop blaming the Pentagon stop the $ 100,000 payment , usually within three days of death , stopped working Boehner called " shameful . "

Tuesday, the House approved a GOP bill provides funding for Head Start pre-school programs for children of income - low .

It also voted to pay promptly federal workers who worked without paychecks during shutdown and create a bipartisan congressional committee to discuss ways to reduce the budget deficit . The White House has threatened to veto the two , saying that the House instead reopen the whole government and to extend the debt limit .

Earlier Tuesday, House Republicans met privately , but did not make them stop and new methods defined limit of debt .

Participants said Boehner described the weekend in a grocery store in Washington during which, he said , two- thirds of people who recognized smile and treat them well . That, they say, is half joke public approval orientation GOP idea - despite recent polls show more people defects Republicans and Democrat Barack Obama in the fight .

Boehner also told his colleagues that the GOP Senate Majority Leader Harry Reid , D - Nev . Try to "destroy " them . Reid has asked repeatedly that Republicans insist on leaving their discussions and vote quickly to end the shutdown and extend the borrowing limit .

Private meeting described the GOP anonymously by participants .

AP Special Correspondent David Espo contributed to this report .

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