October 10th, 2013
12:37 AM ET
6 months ago

Sources: House GOP to unveil short term debt ceiling increase as soon as Thursday

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Washington (CNN) - Multiple House Republican members and GOP leadership sources tell CNN that leaders are preparing a proposal to raise the debt ceiling temporarily while keeping the government shut down.

The sources tell CNN that House GOP leaders' plan is to formally discuss the idea with the GOP conference at a meeting Thursday morning.

Senior House Republican sources have been telling CNN since earlier this week the idea of raising the debt ceiling for four to six weeks is the most viable way out of the stalemate.

A House Democratic lawmaker told CNN on Wednesday evening that President Barack Obama held a private White House meeting. In it, he said he would likely agree to a short term debt ceiling deal if that's what Republicans would support in order to avoid default, the lawmaker said.

Talking about a short term solution, the president told House Democrats, "If that's what (House Speaker John) Boehner needs to climb out of the tree that he's stuck in, then that's something we should look at," according to the House Democratic member.

WH Official: Obama will sign short term debt ceiling extension

After hearing that, as well as public comments of support from House Democratic leader Nancy Pelosi, House Republican sources say they decided it's time to push the idea with rank and file Republicans, especially since they hope to discuss the idea with the president in a White House meeting Thursday afternoon.

One of the GOP sources cautioned that the exact length of the short term debt ceiling bill is not yet worked out. It could be six weeks; it could be a bit shorter.

Senior House Republicans are hoping the idea of allowing a short term increase in the debt ceiling - but not immediately agreeing to fund the government - will placate conservatives.

Earlier, House GOP sources told CNN any stop gap debt ceiling increase would have to be accompanied by a guarantee for negotiations over issues relating to the nation's debt.  Republicans will still demand this, but it is unclear how specific they will be in laying out the parameters of those talks as a condition to raising the debt ceiling temporarily.

Sen. Angus King, I-Maine, said on CNN on Wednesday night that he does not think a short term increase in the debt ceiling is a good idea because it only delays the problem.

"Well, it's just going to make the markets skittish for another six weeks or whatever," he said. "I don't see why we can't just get that off the table. We don't have to speculate. I understand there are people who basically are denying that this is going to be a real problem. We don't have to speculate on that".

But King also said he would support it if it's the only option to avoid defaulting.


Filed under: GOP • House
soundoff (164 Responses)
  1. Joseph Cronin

    FIRE THEM ALL!!!! you are destroying this country over your bickering....what is that actual percentage of the budget that they are holding the country hostage over??? I'm sure its a small fraction.....BTW...I want my taxes back for the time that services aren't being offered....right now...the government is a threat to the country

    October 10, 2013 08:33 am at 8:33 am |
  2. Discussed with Congress

    Wasn't Boehner the guy that said not to kick the can down the road?

    October 10, 2013 08:34 am at 8:34 am |
  3. Davelli0331

    One has to wonder if the GOP thought this "strategy" out past the first day of the shutdown.

    First it was, "Defund Obamacare!"
    Then, "Delay Obamacare!"
    Then, "Forget Obamacare, tax and entitlement reform!"
    Now, "Ok, forget all that stuff, just give us an extension because we have no idea what we're doing!"

    The GOP needs to face it, they gambled big and lost just as big. They need to regroup and come up with an actual strategy for changing/fixing Obamacare while bearing in mind that "driving the flaming car off the cliff if we don't get our way" is not a strategy.

    October 10, 2013 08:38 am at 8:38 am |
  4. Jayne

    4-6 weeks? Get serious. Stop negotiating on things you should not be using for leverage. Our government function is not negotiable nor raising the debt ceiling to prevent a default. I'm never voting for a republican ever again and this is coming from a republican!

    October 10, 2013 08:45 am at 8:45 am |
  5. jonathan blakeney

    why are the republicans acting like this! Maybe you reporters are afraid of your job. Scared u will fired for telling the truth! No other president in the history of the u.s. Has ever had this much trouble raising the debt ceiling! But this one, this president is black!! You know its the truth!

    October 10, 2013 08:47 am at 8:47 am |
  6. Tampa Tim

    King John of Orange has even lost the backing of the Kochs, so what could he do? Maybe the boy genius will demand a three week resolution so we can hate republicans again soon. He told republicans to trust him, and has driven his entire party of "No!" To the brink of annihilation. MADD would take the keys away from him.

    October 10, 2013 08:50 am at 8:50 am |
  7. thatgrlinaz

    Ha, you idiots are insane. Go jump from the closest bridge, please. In fact, I'll fly to D.C. and I'll drive the good old Tea Party bus full of all of you. And I'll even offer a ladder so you can climb on up. The cowards that are the GOP are keeping me from feeding my family and believe my words here – over 800,000 of my federal co workers will show you that we can be a more powerful united force against you if you keep this crap up.

    October 10, 2013 08:56 am at 8:56 am |
  8. Norma Vessels

    If the Republicans in Congress don't want the 28% low to go down to 0%, they better wise up and reopen the Government completely! And raise the debt ceiling for longer than 6 weeks!

    October 10, 2013 09:05 am at 9:05 am |
  9. Tampa Tim

    These 4 do not appear to be as giddy as they were when they shut down the government.

    October 10, 2013 09:06 am at 9:06 am |
  10. Drake

    Why keep wasting the American people's time by stringing this out longer? This was always a losing tactic and the more senior members of the GOP including Bohener knew as much. Whatever the harm ACA may or may not do this much is already abundantly clear its neither as great or immediately harmful as the shutdown and the threat default they are trying to use to get rid of it. In short their "cure" is worse than the "disease" and the longer this goes on the more apparent that becomes.

    I guess the GOP is looking to buy time to somehow save face at this point and thread the needle between satisfying the crackpot wing of their party and not pissing everyone else off. Too bad they can't figure out that until they stop using the nation's well being as a bartering chip everyone else will still be pretty pissed.

    October 10, 2013 09:10 am at 9:10 am |
  11. dave

    The decision on who to pay and when falls on the Executive Branch. As a Constitutional lawyer Obama knows this. The educated Americans know this. Obama, we are watching on who and how you will prioritize spending. The government is still collecting OUR taxes every day.

    October 10, 2013 09:13 am at 9:13 am |
  12. blue dog

    Why is GOP only catering tonits ultra conservative wing? Does country's health not matter to them?

    October 10, 2013 09:15 am at 9:15 am |
  13. Data Driven

    "Sen. Angus King, I-Maine, said on CNN on Wednesday night that he does not think a short term increase in the debt ceiling is a good idea because it only delays the problem."

    Yeah, I don't either. But welcome to governance - if you want to call it that - by rebellion: dysfunctional, crisis-based, destructive. Remember that the goal is dismantle as much of the safety net as possible. Every 6 weeks, some new item that Americans depend upon will be up for redistribution back to the wealthy. This is not merely about Obamacare.

    October 10, 2013 09:22 am at 9:22 am |
  14. kris

    In my opinion, the house and obama should deal with the problem at hand and stop beatin around the bush. If we dont deal with the problems at hand now then they may never go away. And why cant we just get back money that other countries owe us? Its only logical. Tho, I can see the good in raising the debt ceiling 4 or 6 weeks. It gives them more time to figure out how to fix it, but why does the matter need so long when the longer we wait the high the debt can go?

    October 10, 2013 09:25 am at 9:25 am |
  15. Larry in Houston

    Well, to be perfectly honest, IF I was Obama, I would "kick back" & wait till Oct 18th..... and pick up the phone at 9am est. to Mr. Boehner, and have 4 words for him.....( not even say hello ) I would say : ""Check – Mate, You Lost""

    October 10, 2013 09:26 am at 9:26 am |
  16. Enigmatic1

    The veil of the Dark Side has been revealed..... They plan to raise the debt ceiling temporarily which means we get round 2 of this garbage around Christmas and they do not plan to restart the government as part of that deal which means the economy will sink further and possibly plunge us in to another recession even IF the government is restarted around January and the debt ceiling is raised. I guess that's how House Republicans are saying Merry Christmas to all the Federal Workers that are out of work. To all of you though, I wish you all the very best and I hope that you find another avenue to keep yourselves and your families afloat. This isn't right to do this to you and it isn't fair to America. These clowns can't see the impact of their squabble but I think it's safe to say that their days are numbered and the number is coming soon. Hopefully this will be the last major issue that Republicans get to have a say in before they are all tossed out of office over the next few years.

    October 10, 2013 09:29 am at 9:29 am |
  17. Osman Deen

    The President's meeting with the GOP leaders in the White House should give him the opportunity to lay down these 3 simple propositions or precursors that can lead to a serious negotiation about the deficit and spending:

    1) Request the GOP to pass a clean CR and passage of the debt ceiling increase (this is the ideal position for the president)

    2) If the GOP still adamant about keeping the government Shutdown, they should pass a long term debt ceiling increase legislation

    OR

    3) Open government and pass a short-term debt ceiling increase legislation

    If any of these offer is accepted, then the president or Democrats should be willing to sit down with the GOP in serious negotiation about a whole bunch of issues that concerns both parties in terms of spending and debt.

    October 10, 2013 09:41 am at 9:41 am |
  18. Bud

    Obama is the chief engineer on an economic train wreck and Republicans are trying to stop it. If anyone can tell me how we can pay off this massive debt we keep accumulating I would like to hear it.

    October 10, 2013 09:47 am at 9:47 am |
  19. Bud

    For all of you wanting to borrow more money, please explain how you think our government will ever pay this back. Republicans are simply trying to save us from ourselves. The day will come when we have no borrowing power and no one will get anything from the govt, no SS, VA, food stamps, welfare, nada

    October 10, 2013 09:53 am at 9:53 am |
  20. Dominican mama 4 Obama

    Texasmike

    What kind of asinine plan allows raising the debt ceiling but keeps the gov't shutdown?
    -------------------------------------------------
    My sentiments exactly.
    I say hold out and resolve this correctly or at least for alonger term debt-ceiling solution than just 6 freaking weeks.
    Who wants to go through this agony AGAIN in 6 weeks, or 2 months, or 3, and you know we will.
    The terrorists are wary of the townsfolks holding pitchforks and sticks at their gate demanding that they set the hostage free.
    I say we take advantage of the noose currently tightening around their collective necks and demand, nay, make them do the right thing thta being raise the debt ceiling for the next year and open up the government for business.

    October 10, 2013 09:54 am at 9:54 am |
  21. Rudy NYC

    kris

    In my opinion, the house and obama should deal with the problem at hand and stop beatin around the bush. If we dont deal with the problems at hand now then they may never go away.
    ---------------------–
    The actual root of all of our debts and deficits have been the fiscal policies of the right wing. If you don't believe it, then I suggest you do your own web search. Compare the size and growth rates of the annual budget deficits, and the growth of the national debt under Democratic versus Republican presidents. The results may surprise you.

    The Republicans are the real big spenders, not the Democrats. For example, during Ronald Reagans' first term, the national debt tripled, while the annual budget deficit ballooned by a factor of ten. If Barack Obama had been that financially reckless, the annual deficit would be over $8 trillion, and the national debt would be well over $30 trillion.

    October 10, 2013 10:00 am at 10:00 am |
  22. rs

    The GOP is a wretched lost cause. They have held the government, the budget and the full-failth-and-credit of the United States hostage in a hyper-radical coup d etat for almost two weeks; they've thrown more than 800,000 federal workers into unemployment (after forcing many to take furloughs with their disasterous Sequester); thousands of small businesses have been hurt; military families without pay and benfits; embarrassed our nation to our creditors and the world, and more.
    If you ask these idiots why today, they cannot say why. Different day, different reason.

    The GOP should pay for their arrogance and utter stupidity.

    October 10, 2013 10:03 am at 10:03 am |
  23. StagedForSure

    Um, I remember the president winning his election and the sentate being held by the democrats, so thats 2/3 of the government that we voted in to represent the U.S. knowing full well what their policy agenda is and was going to be, including the ACA or "obamacare". The GOP needs to VOTE for what they believe and otherwise sit down and shut up! This country is run by MAJORITY rule. Not by hostage taking by the minority!

    October 10, 2013 10:03 am at 10:03 am |
  24. SilverLining

    The strength of a democracy is open debate with elected representatives about the finance. National Debt is a proven empire killer above all other reasons. If spending and the national debt is not reversed, we race to a very real government shutdown and US Dollar default. For the sake of our elderly, our children, and everyone, spending cuts to reduce the debt is the number one priority.
    It is too bad the un-elected wealthy bankers are invited. They will receive the majority of the debt increase. They were given a free bailout. Why can't we cut spending and tell banks they are cut off of the taxpayer subsidy? Subsidy for the Wealthy banks needs to stop now.
    National Debt is not ideological, it causes real national pain. Like an addiction, it needs to be treated sooner than later.

    October 10, 2013 10:03 am at 10:03 am |
  25. rs

    Bud

    For all of you wanting to borrow more money, please explain how you think our government will ever pay this back. Republicans are simply trying to save us from ourselves.
    _________________________
    That's a really funny line coming from the party that invented "cut taxes and spend" economics, and whose idiotic shutdown COSTS the federal government hundreds of millions of dollars a da, and who have held more than 40 symbolic anti-ACA votes to the tune of $1.5 million each.
    Get over it Bub, the GOP doesn't care about the Debt or Deficit. They just want you to think they do.

    October 10, 2013 10:06 am at 10:06 am |
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