House GOP Won’t Pursue Short-Term Debt-Ceiling Deal — For Now

House Speaker John Boehner walks through a corridor on October 5, 2013 at the Capitol in Washington, DC.
National Journal
Tim Alberta
See more stories about...
Tim Alberta
Oct. 8, 2013, 4:36 a.m.

House Re­pub­lic­ans will opt not to push a short-term ex­ten­sion of the debt-ceil­ing, and in­stead will move quickly to bring two bills to the floor that they hope will be ap­proved, merged, and sent to the Sen­ate in short or­der, ac­cord­ing to seni­or GOP aides.

The first piece of le­gis­la­tion would en­sure that paychecks for es­sen­tial gov­ern­ment em­ploy­ees who have been work­ing through the shut­down are de­livered on time ““ a sens­it­ive sub­ject, con­sid­er­ing the pay peri­od for those em­ploy­ees com­mences at week’s end.

The second meas­ure would es­tab­lish a ne­go­ti­at­ing team for the debt-ceil­ing and oth­er fisc­al de­bates. The group would be bi­par­tis­an and com­prised of mem­bers of both cham­bers, and would im­me­di­ately be­gin talks on a range of fisc­al is­sues.

These two pieces of le­gis­la­tion, if ap­proved, would merge and then be sent to the Sen­ate.

Re­pub­lic­an lead­er­ship thinks that Sen­ate Demo­crats, who have em­phas­ized eas­ing the shut­down-re­lated pain on gov­ern­ment em­ploy­ees, would be hard-pressed not to ap­prove a bill that en­sures timely paychecks for those em­ploy­ees ““ even if it means agree­ing to com­pre­hens­ive ne­go­ti­ations less than 10 days re­moved from the Treas­ury De­part­ment’s Oct. 17 dead­line for rais­ing the debt-ceil­ing.

A pro­pos­al was floated to House Re­pub­lic­ans late Monday night that would have ex­ten­ded the debt-lim­it for roughly one month in ex­change for com­men­sur­ate spend­ing cuts and lan­guage that would in­struct the Treas­ury De­part­ment to pri­or­it­ize its pay­ments if the Oct. 17 dead­line is not met. Re­pub­lic­an aides in­sist that a short-term debt-lim­it ex­ten­sion could still hap­pen — but only after they get Demo­crats to sit down at the ne­go­ti­at­ing table.

“I’m not go­ing to raise the debt ceil­ing without talk­ing about the de­fi­cit,” Rep. Tom Cole, R-Okla., said after Tues­day morn­ing’s GOP con­fer­ence meet­ing,

Fawn Johnson contributed. contributed to this article.
What We're Following See More »
WITHER TRUMP?
Jon Stewart May Debut on HBO Before the Election
19 minutes ago
THE DETAILS

"Jon Stewart could arrive on HBO in time for the November presidential election. In a Paley Media Council interview Thursday with CNN’s Brian Stelter, HBO CEO Richard Plepler was asked whether viewers could expect to see Stewart, former host of Comedy Central’s “The Daily Show,” on HBO before the general election. 'Yeah, I’m hopeful,' Plepler said."

Source:
ALL RIDERS TO BE AFFECTED
Metro to Begin Rolling Closures Next Month
3 hours ago
THE DETAILS

Beginning next month, Metro will begin a series of "about 15 separate large-scale work projects," each of which will close down stations and/or sections of track for up to weeks at a time. The entire initiative is expected to take about a year. The Washington Post has a list of the schedule of closures, and which lines and stations they'll affect.

Source:
ANOTHER MEETING WITH PRIEBUS
Trump to Meet with Ryan, Leadership Next Week
3 hours ago
THE LATEST

A day after saying he could not yet support Donald Trump's presidential bid, House Speaker Paul Ryan has invited the billionaire to a meeting in Washington next week with House leadership. Ryan and Republican National Committee Chairman Reince Priebus will also meet separately with Trump. 

Source:
‘EXACTING STANDARDS’
Obama on Trump: ‘This Is a Really Serious Job’
4 hours ago
THE DETAILS

"President Obama used the White House podium on Friday to dismiss Donald Trump as an unserious candidate to succeed him, and said leading the country isn't a job that's suited to reality show antics." At a briefing with reporters, the president said, "I just want to emphasize the degree to which we are in serious times and this is a really serious job. This is not entertainment. This is not a reality show. This is a contest for the presidency of the United States. And what that means is that every candidate, every nominee needs to be subject to exacting standards and genuine scrutiny."

Source:
MORE EXECUTIVE ORDERS
Panama Papers Spur White House to Crack Down on Evasion
6 hours ago
THE DETAILS

In the The White House on Thursday night unveiled a series of executive actions to combat money laundering—"among the most comprehensive response yet to the Panama Papers revelations." The president's orders will tighten transparency rules, close loopholes that allow "foreigners to hide financial activity behind anonymous entities in the U.S., and demand stricter “customer due diligence” rules for banks.

Source:
×