Senior House GOP source: Short term debt ceiling may be way out
October 8th, 2013
07:07 PM ET
9 years ago

Senior House GOP source: Short term debt ceiling may be way out

Washington (CNN) – The door the White House appears to have opened to a short-term debt ceiling increase may be a temporary way out of the standoff, a senior House Republican told CNN.

The Republicans may be willing to go for a short-term debt ceiling increase as long as the president agrees to use that time to negotiate, the source told CNN Chief Congressional Correspondent Dana Bash.

How long is short term?

This GOP source said maybe four to six weeks.

Still, it’s unclear whether Republicans could even get that short-term bill through the House without even a tiny concession on spending cuts from Democrats.

When President Barack Obama was asked during Tuesday's news conference whether he would be open to a short-term debt ceiling increase, he responded “absolutely.”

“I mean, what I've said is that I will talk about anything. What will happen is, we won't agree on everything. I mean, the truth is, is that the parties are pretty divided on a whole bunch of big issues right now," Obama said. "Everybody understands that."

The House GOP source said that the president’s call to Republican House Speaker John Boehner on Tuesday was a good first step – and they have to keep talking.

CNN’s Chief Political Analyst Gloria Borger reported on Saturday that a senior House Republican said one idea being considered is a six-week extension of the continuing resolution to fund the government, and the debt ceiling, to allow for time for both sides to negotiate.

Filed under: Congress • national debt
soundoff (14 Responses)
  1. The Ham

    Wow really... they might agree on something... doubt it... shame they can't do a budget while they are at it

    October 8, 2013 07:22 pm at 7:22 pm |
  2. Name carl

    This Shutdown is all about the Republicans wanting To Cut Social Security snd Medicare. SHAME ON THE GOP. I hope the GOP loses the House next year. THROW THE GOP OUT.

    October 8, 2013 07:29 pm at 7:29 pm |
  3. freedom

    "..the parties are pretty divided on a whole bunch of big issues right now," Obama said. "Everybody understands that." And a true leader would work to decrease that divide, not infuse it with further divisive rhetoric and action. That's we everybody understands.

    October 8, 2013 07:49 pm at 7:49 pm |
  4. w l jones

    Look like we should have enough smart people get an average what it cost operate the government up there for two three years and just do it.

    October 8, 2013 07:50 pm at 7:50 pm |
  5. Winston Smith

    The way out, is just the opposite of the way in. There's no need for lengthy negotiations or talks. Just do whats right, for once in you're miserable lives. Try not to be politicians for once.

    October 8, 2013 07:58 pm at 7:58 pm |
  6. Ben

    I'll believe it when I see it. Not deriding either side, but this needs to get done one way or another. Everybody, republican and democrat, need to give concessions at this point and stop the grandstanding and finger pointing. Work together, stop the rhetoric, and get it done.

    October 8, 2013 08:02 pm at 8:02 pm |
  7. Wake up People!

    What's up with all of these short term fixes?? Who wants to deal with this again in 6 weeks. I finally see the GOP strategy. They couldn't win the presidential election, so they'll have these manufactured crises every few months to ensure Obama knows his place.

    October 8, 2013 08:03 pm at 8:03 pm |
  8. simplefaith

    Americans are becoming physically ill about what is going on in Congress. We feel very sad that people in every state have to suffer for the stupidity and politics going on the Government shutdown and debt ceiling. Please stop this cruel business and let Americans get back to work. Americans remember who is doing this to us and get the Repubs out of office come 2014.

    October 8, 2013 08:14 pm at 8:14 pm |
  9. Tony

    Republicans, whether you realize it or not, you bargaining chip disappears after October 17th. If a default occurs, what leverage do you have left?

    October 8, 2013 09:19 pm at 9:19 pm |
  10. Jeff Brown in Jersey

    What do they want the President to "negotiate"? Cut social security and medicare without any cuts to corporations tax breaks and the Bush tax cuts? Yeah, sounds like a real swell deal. Keep dreaming all the way to next years elections you pieces of garbage!

    October 8, 2013 09:27 pm at 9:27 pm |
  11. Ron L

    Here is the problem with any type of short term extension. The very right wing of the Republican party only wants to CUT entitlements, slightly shave the military, and rearrange the tax code so the is NO increase in revenue!! The Democrats want to SHAVE a few entitlements, make some real cuts to the military budget, and rearrange the tax code so the is a slight increase in the revenue by taxing the very rich a little more. Now as you read that you could imagine there being a way to negotiate your way to a smart agreement. But there is only one HUGE problem, ANY Republican that agrees to even a SLIGHT increase in revenue from taxes will be PRIMARIED by the hard right wing of the party that has most of the moderates TERRIFIED. So, a DEAL is very, very, doubtful, in 6 months let alone 6 weeks. This is because people no longer go to Washington to do what is right for the country, they go there to start a CAREER. I GUARANTEE you Senator Cruz who loves to talk about career politicians will be there 24 years from now if can get the people of Texas to vote for him.

    October 8, 2013 09:33 pm at 9:33 pm |
  12. Anonymous

    Q. How do you know when the GOP/TP messaging is hitting a brick wall?

    A. CNN stops reporting facts.

    October 8, 2013 11:46 pm at 11:46 pm |
  13. Michael Benjamin

    Kicking the can down the road as usual. What is going to be different in a few weeks. The best we can hope for is a cooling off period where reasonable people will work out some accommodation. This will not play well with the financial markets. The Tea Party may continue to throw monkey wrenches into the negotiations. It's continue to be a wild ride.

    October 9, 2013 01:10 am at 1:10 am |
  14. Marie MD

    A BIG FAT NO!!!
    We can't go through this every few months because we have traitors in the house governing US.
    They need to be sent to jail. They ran on shutting the government down because their 30% bible thumping right wing fringe voted for them to do so. What about the 70% of the country who don't believe that the country and its citizens should suffer for the few lunatics?.

    October 9, 2013 06:30 am at 6:30 am |