WASHINGTON (Reuters) – A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation’s borrowing authority to avoid a default.
Separately, a Senate aide said Republican Senator Rob Portman, an Ohioan influential on budget issues, was floating a plan to cut federal spending and reform the U.S. tax code as part of a broader deal to reopen shuttered government agencies and raise the government’s debt ceiling.
WASHINGTON, Oct 7 (Reuters) – The White House on Monday
reiterated that President Barack Obama would not negotiate with
Republicans over the threat of a debt default, sticking to its
line as stock prices fell and a U.S. government shutdown moved
into its second week.
But White House National Economic Council Director Gene
Sperling did not rule out a short-term increase to the borrowing
cap, such as two or three weeks, which could offer more time for
an agreement. Speaking at a Politico breakfast, he said that
while the administration prefers an increase that would last as
long as possible, the length of the increase is Congress’s
WASHINGTON, Oct 7 (Reuters) – As the U.S. government moved
into the second week of a shutdown on Monday with no end in
sight, a deadlocked U.S. Congress also confronted an Oct. 17
deadline to increase the nation’s borrowing power or risk
Republican House of Representatives Speaker John Boehner
vowed not to raise the U.S. debt ceiling without a “serious
conversation” about what is driving the debt, while Democrats
said it was irresponsible and reckless to raise the possibility
of a U.S. default.
WASHINGTON (Reuters) – As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation’s borrowing power or risk default.
The last big confrontation over the debt ceiling, in August, 2011, ended with an eleventh-hour agreement under pressure from shaken markets and warnings of an economic catastrophe if a default were allowed to occur.
WASHINGTON, Oct 4 (Reuters) – House Republicans huddled on
Friday to plot their next move on the fourth day of a U.S.
government shutdown that many fear will drag on until bickering
Washington politicians reach a deal to raise the debt ceiling
and avoid a default.
Even the possibility of the United States defaulting on its
financial obligations for the first time in history has rattled
financial markets and prompted warnings that such a move could
derail the still fragile economic recovery.
(Reuters) – The shutdown of the U.S. government appeared likely to drag on for another week and possibly longer as lawmakers consumed day three of the shutdown with a stalling game and there was no end in sight until the next crisis hits Washington around October 17.
Bowing to the reality that the impasse requires him to remain in Washington, President Barack Obama canceled plans to attend summits in Indonesia and Brunei next week. Earlier this week, he canceled visits to Malaysia and the Philippines because of the shutdown.
WASHINGTON, Oct 3 (Reuters) – A dramatic car chase through
the streets of Washington from near the White House to the U.S.
Capitol ended in gunfire on Thursday when law enforcement
officers shot and killed the driver as lawmakers and aides
huddled in a lockdown.
The incident rattled Washington just three weeks after a
government contractor opened fire at the Washington Navy Yard,
about 1.5 miles (2.4 km) from the Capitol, killing 12 people and
wounding three others before he was shot to death by police.
WASHINGTON (Reuters) – A dramatic car chase through the streets of Washington from near the White House to the U.S. Capitol ended in gunfire on Thursday when law enforcement officers shot and killed the driver as lawmakers and aides huddled in a lockdown.
The identity of the driver – a woman – was not released. “The suspect in the vehicle was struck by gunfire and at this point has been pronounced (dead),” Washington’s police chief, Cathy Lanier, told reporters.
WASHINGTON (Reuters) – The U.S. Capitol was briefly locked down on Thursday after gunshots were fired outside the building following a car chase across central Washington which ended with the woman who drove the car being shot, officials said.
One U.S. official said the woman was killed but this could not be confirmed immediately and a police official said he did not know the condition of the suspect.
Oct 3 (Reuters) – A U.S. government shutdown entered its
third day on Thursday with little sign of compromise between
Republicans and Democrats and concerns grew about the economic
consequences of a prolonged stalemate.
The standoff, prompted by Republicans’ determination to halt
President Barack Obama’s healthcare reforms, appeared to be
merging with a more complex fight looming later this month over
raising the federal debt limit. Some feared this could stymie
any attempts to end the shutdown before the middle of October.