WASHINGTON -- President Obama will try to enlist help from business leaders in his standoff with congressional Republicans over government spending and a looming vote to raise the debt limit, a White House official said.
At a meeting with the Business Roundtable on Wednesday, Obama will ask corporate leaders to urge Republicans to give up plans to negotiate cuts in government spending, or a repeal of Obama's healthcare law, in return for an increase in the debt limit, said the official, who asked not to be named discussing the president's remarks before the meeting.
"The president will ask the business community to help send the message to Congress that a default would be disastrous for our economy and for businesses across the country," the official said.
Obama's planned remarks come as he and his GOP opponents on Capitol Hill are barreling toward two major fiscal deadlines. Lawmakers must pass legislation to keep the government open after Sept. 30, or face a shutdown. A few weeks later, the government is set to reach the limit it can borrow, if Congress does not increase it to cover spending it has already approved.
PHOTOS: 2013's memorable political moments
The president and the Republican-led House have faced this fight before, but this time the White House is saying it will not negotiate to raise the debt ceiling.
House Speaker John A. Boehner (R-Ohio) is seeking deficit-reduction measures in return for an increase in the debt limit, while some of his fellow Republicans are pushing for a bigger -- and unlikely -- concession from the White House: repeal of the president’s signature legislation, the Affordable Care Act.
Obama will make the case Wednesday that the standoff is being driven by "extreme" members of the Republican Party and is an "irresponsible" threat to the fiscal health of the country, the official said.
A Boehner spokesman argued that Obama was hyping the threat.
"No one is threatening to default," said Brendan Buck. "The president only uses these scare tactics to avoid having to show the courage needed to deal with our debt crisis. Every major deficit deal in the last 30 years has been tied to a debt-limit increase, and this time should be no different."
Follow Politics Now on Twitter andFacebook
kathleen.hennessey@latimes.com
Twitter: @khennessey
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Today marks the publication of Mark Levin's important new book, The Liberty Amendments . I must confess that I had some trepidation whe...
-
Just because the Obama administration is allowing members of Congress and their staff to be exempted from certain provisions of Obamacare d...
-
The Justice Department and a number of state attorneys general are challenging the proposed $11 billion merger between US Airways Group I...
-
IS IT POSSIBLE TO GO ANY LOWER?? More than two-thirds of New Yorkers find Anthony Weiner and Eliot Spitzer’s campaigns “embarrassing” and...
-
Opening of insurance exchanges coincides with spending spike at the end of fiscal year The convergence of the opening of the Obamacare...
-
WESTERN NORTH DAKOTA—I had zero cell-phone service when I landed in Bismarck. I know this state is mostly rural, but how was I supposed to ...
-
More U.S. citizens are giving up their American passports as the government cracks down on tax evaders. The WSJ’s Deborah Kan speaks ...
-
Attorney General Eric Holder is set to announce a major shift in federal criminal policy on Monday, overturning the decades-old "mand...
-
Critics blast Jackson, Sharpton over silence on Florida school bus beating Self-appointed civil rights leaders and celebrities remained ...
-
THE BLAZE : You’d think the question of adding “atheist chaplains” to the military was put to rest by the House of Representatives, which ...
No comments:
Post a Comment