Republican Divisions Force Delay In Debt Strategy

republicans_debt_strategy_2013House Republican leaders were forced on Thursday to delay rolling out their bill to raise the nation’s debt limit, after conservatives complained the package failed to include deep enough budget cuts and significant changes to entitlement programs.

The setback comes as Speaker John Boehner prepares to wrestle with his conference over how to ultimately handle short term spending and the prospect of a government shutdown beginning on Tuesday, if Congress does not act to refill federal coffers.

Boehner and his top lieutenants initially hoped to move ahead with their proposal to permit Washington to borrow more money to pay its bills while waiting for the Senate to vote on a plan — called a continuing resolution — to keep the government funded through mid-November.

The debt package includes a lengthy list of GOP priorities, including a one year delay of Obamacare, provisions to roll back regulations on businesses, tax reforms, and approval of the Keystone XL oil pipeline.

But the added items have not garnered enough support from House Republicans.

 

Source: CNN

SHARE
News Talk Florida Staff