Wednesday, January 2, 2013

Obama debt-ceiling demand complicates fiscal crisis talks | Synopsis

Obama debt-ceiling demand complicates fiscal crisis talks

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Excerpt:

The White House and congressional Republicans continue to be at loggerheads over whether to raise tax rates on households making over $250,000 as part of a deal to avoid indiscriminate and across-the-board tax hikes and spending cuts next month.   But Obama's latest demand -- the ability to approve automatic increases in the debt ceiling -- has only complicated the already-shaky talks. And Republican lawmakers this week sought to prove that the provision wouldn't even clear the Democrat-controlled Senate.   As of Wednesday evening, 43 senators had signed a letter to Obama opposing the debt-limit proposal. That represents enough votes to block the measure from passing.   "The Congress is ready to work with you as equal partners in addressing the coming fiscal cliff," Sen. Rob Portman, R-Ohio, and 42 other senators wrote.

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President Obama

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Senate Leader Mitch McConnell

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Jay Carney

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SentimentQuote
-0.0105939"We can't have that kind of nonsense anymore," he said, ...
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John Boehner

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Sen. Rob Portman

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SentimentQuote
0"The Congress is ready to work with you as equal partners in addressing the coming fiscal cliff," Sen. Rob Portman, R-Ohio, and 42 other senators wrote. ...
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Harry Reid

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Organization: Congress

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Facility: White House

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