Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.


No compromise: Obama refuses to raise debt ceiling for 6 weeks

Published time: October 11, 2013 08:39
U.S. President Barack Obama (Reuters / Kevin Lamarque)

U.S. President Barack Obama (Reuters / Kevin Lamarque)

President Obama has rejected raising America's debt ceiling for 6 weeks beyond the October 17 deadline. The compromise was put forward by congressional Republicans, who sought to win time for negotiation and avert an unprecedented US default next week.


No specific budget decision was taken in the White House on Thursday, where President Obama met with 20 House Republicans, including Speaker John Boehner, for 90 minutes of talks. However, a White House spokesman said President Obama "looks forward to continued progress with members on both sides".

Even though Republicans haven’t achieved what they wanted, the party representatives described the meeting as "useful and productive".

During the Washington talks Mr. Obama pressed Republicans to reopen the government and increase the possibility that its financing would be restored by early next week if terms for broad budget negotiations could be reached, the New York Times reports.

Republican Speaker John Boehner proposed extending the debt ceiling for another 6 weeks asking President Obama in return to promise to negotiate over his healthcare plan known as Obamacare.

Barak Obama insisted he won’t significantly cut Medicare and Medicaid spending, if Republicans don’t agree to raise revenues from reduced tax breaks for corporations and wealthy individuals. Mr. Boehner in turn has been reaffirming his party was against tightening taxation, which suggests that future talks could founder.

Earlier the administration said the President was ready to consider the Republicans’ offer, but wouldn’t allow the GOP to hold the US economy “hostage”.

“The good news is that Republicans have accepted the principle that they’re not going to attach conditions to the debt ceiling,” said Representative Chris Van Hollen of Maryland, the senior Democrat on the House Budget Committee.

The US President’s health care programme is a key stumbling block in Washington budget negotiations, which has driven the Government into the first shutdown in 17 years. In case US authorities keep on playing political ping pong and fail to agree on its budget as well as a debt ceiling before the country runs out of cash on October 17, the world’s biggest economy could default – the first time in 225 years.

Comments (31)


Sue Cooper 16.10.2013 14:09

This government shutdown is a result of people not doing their job. It is the President, republicans, democrat, tea partiers job to balance the budget and find solutions.
In business companies have fiscal years. When they do not have an agreed on budget they usually work overtime, vacations are off the table until they get the budget resolved. We need to expect the same from our government.


Stephanie Cevelin 15.10.2013 06:02

Raising the debt ceiling instead of spending less is akin to having a sewage pipe burst in your home and instead of calling in a plumber, you call in a carpenter to raise the roof.

As the sewage gets deeper, you hire the carpenter to come and raise the roof again. Eventually, you end up with a two story home, but it stinks.


Babble 15.10.2013 04:30

The article title is totally misleading. President Obama should not allow the debt ceiling to be raised for just 6 weeks, it should be a year at least. The ceiling should just be removed so it is not used as a weapon in budgeting.

View all comments (31)
Add comment

Authorization required for adding comments

Register or



Show password


or Register

Request a new password


or Register

To complete a registration check
your Email:


or Register

A password has been sent to your email address

Edit profile



New password

Retype new password

Current password



Follow us

Follow us