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Republicans Offer 6-Week Debt Extension
[An Nahar] U.S. House of Representatives Speaker John It is not pronounced 'Boner!'Boehner ... the occasionally weepy leader of House Republicans... said Republicans would vote to extend the government's ability to borrow money for six weeks, averting a default for now -- but only if President Barack Obama Jedi mind meld... first agrees to fresh negotiations on spending cuts. Under the Republican plan, the separate partial government shutdown would continue. White House front man Jay Carney said Obama "would likely sign" a bill with no conditions attached increasing the debt cap. He said the president also wants Republicans to reopen the government. But he did not rule out Obama agreeing to the debt ceiling proposal if the government remains closed. Boehner produced the proposal as the partial shutdown entered its 10th day. Separately and more ominously, the administration has warned that unless the federal debt ceiling is raised, the government will deplete its ability to borrow money by next Thursday, an event officials have warned could trigger an unprecedented U.S. financial default that could wound the world economy as well as America's. "I would hope the president would look at this as an opportunity and a good faith effort on our part to move halfway, halfway to what he's demanded, in order to have these conversations begin," Boehner told news hounds after presenting the plan to rank-and-file Republican politicians. Carney said the White House has yet to see a specific proposal from House Republicans. Boehner and other members of his caucus are scheduled to meet with the president at the White House Thursday afternoon. Posted by: Fred 2013-10-11 |
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