October 10th, 2013
12:37 AM ET
8 years 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.

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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. DoremusJ

    So the new Republican plan is to raise the debt limit while keeping the government closed? That doesn't even make sense. They've already voted to pay furloughed workers back pay. Why not just let them go to work since they're paying them anyway and raise the debt limit for six months?

    October 10, 2013 01:16 am at 1:16 am |
  2. HallLadyK

    Looks like a discharge petition needs to be done. The speaker of the house will not allow a vote to be done.

    October 10, 2013 01:19 am at 1:19 am |
  3. Bill

    I say keep the government shutdown and never re-open it. Problem solved. It would be like killing two birds with one stone and as result we can finally end the social programs that are plaguing our society, like Social Security, Medicare and Welfare that that the Poor and Middle Class are addicted to which is why we have so much debt. If you think that taxing the rich or corporations more is going to make it better then your wrong and delusional as they do the hiring in this country and thats why you have a job, which you should be thankful for. Speaker Boehner has taken a bold step for once by standing strong against the government and Obama. The Corporations can do a better job in running this country with no debt. Grover Norquist said it best, "I don't want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub."

    October 10, 2013 01:20 am at 1:20 am |
  4. Eric

    They're going to raise the debt ceiling for a month, while keeping the government shut down.

    Governing from crisis, to crisis, to crisis.

    Cannot wait to see the republican voted out. They've done enough.

    October 10, 2013 01:31 am at 1:31 am |
  5. NameSergio A. Aguilar

    Why does the rest of the government that does not trust Obama get him out of office he is destroying our country n he keeps luring to the American People he is not a good leader for our Country when are four fathers of this country started this country it was built on God we trust people in the White House needs to go back to prayer no matter what ya turned ya back on God that is why a lot of this is happening REMEBER WE R A CHRISTIAN NATION IN GOD WE TRUST GOD BLESS AMERICA!

    October 10, 2013 01:38 am at 1:38 am |
  6. tygre

    No government official should be able to shut down the government, hurt people, and put a gun to the collective head of our economy. The repubs have disgraced themselves. But they will gamify this process to the end and downgrade US credit, try to blame the pres, and drive up costs on everyone. Boehner, Ryan, Paul, Cantor, Yoho, need to soldier up and take one for the team and put through a clean CR. They screwed up, time to move on.

    October 10, 2013 01:41 am at 1:41 am |
  7. Carl Hudson

    This is crazy! This is no way to run a government! No one can agree and so we govern for six weeks at a time?
    The Tea Party guys dragged Boehner into this on the assumption that Obama would cave. He didn't and now neither Boehner or the rest of them have a backup plan. I know there are considerations here for impacted Americans, but I wouldn't let the Republicans off the hook. All they have to do is vote and this drama is over!

    October 10, 2013 01:42 am at 1:42 am |
  8. ThinkAgain

    Why bother? According to Rep. Michelle Bachmann, we're on the verge of the second coming of Christ, making all this debt ceiling and government shutdown thingy kinda trivial:

    "This happened and as of today the United States is willingly, knowingly, intentionally sending arms to terrorists. Now what this says to me, I’m a believer in Jesus Christ, as I look at the End Times scripture, this says to me that the leaf is on the fig tree and we are to understand the signs of the times, which is your ministry, we are to understand where we are in God’s End Times history.”

    "Rather than seeing this as a negative, we need to rejoice, Maranatha Come Lord Jesus, His day is at hand. When we see up is down and right is called wrong, when this is happening, we were told this; these days would be as the days of Noah.”

    There you have it, folks: The GOP at its loony finest.

    October 10, 2013 01:45 am at 1:45 am |
  9. BeverlyNC

    Oh please. It will be another extortion scheme probably demanding an end to Social Security and Medicare.
    Did you know these actions by the Republicans defy our Constitution? In the 14th Amendment Section 4, the Constitution mandates "the U.S. will pay its debts".
    Congress has 3 jobs – taxes, spending approval, and debt payment. President Obama has no control except veto power of bills sent to him. Republicans created this mess as the majority party in the House.
    This entire disaster to our nation is the sole responsibility of the Republican Party. Remember this betrayal in 2014 and vote out these extremists who care so little about our nation and the People they would intentionally harm us.

    October 10, 2013 01:52 am at 1:52 am |
  10. Name

    Other than the american people exactly who are we paying all the money that the government is borrowing. Why do we aid foreign countries if we are broke. Doesnt make much sense.

    October 10, 2013 01:54 am at 1:54 am |
  11. Be Fuddled

    The entire cast of GOP leadership never looked so little and petty. How did we get here?

    October 10, 2013 01:56 am at 1:56 am |
  12. vincent carter

    The interest of the few has once again changed its mind and flip flop. Wish that we could go back to a real democracy ot people and the three branches of government. But some politicians love those "Special Interest"

    October 10, 2013 02:05 am at 2:05 am |
  13. Belseth

    I hear Boehner is holding out for a clown and a pony on his next birthday. This brain dead fool is drunk with power and is enjoying the fact he has the country's future in his hands. A drooling idiot that has no clue what he wants is dictating the future of the country.

    October 10, 2013 02:11 am at 2:11 am |
  14. Tom

    The right-wing Congress is making me exceedingly angry. In my book, the GOP will forever be referred to as the "stupid party."

    October 10, 2013 02:17 am at 2:17 am |
  15. norman epps

    the underbelly of this discussion is and will continue to be the greed of the 1%ers yes socialized medicine is a very expensive proposition which means we all pay our fair share. God forebid!!!!

    October 10, 2013 02:20 am at 2:20 am |
  16. mary

    Hey if this is how it works.. then I am telling my bank I will pay them my car payment , ONLY if they roof my house..And then, I think they will take half what I owe.. Cause I don't really want to pay them the whole thing..

    October 10, 2013 02:30 am at 2:30 am |
  17. catsnake

    ridiculous! another 6 weeks for what? seriously. either there's movement or theirs not. honestly I'd love to see the country default. Of course they won't because it's all about greed and money. that's all it's ever about. oh and helping worthless darks as well.

    October 10, 2013 02:45 am at 2:45 am |
  18. Just say NO

    POTUS Should reject this. This is the one chance to wipe out the GOP once and for all.

    October 10, 2013 02:51 am at 2:51 am |
  19. Thomas

    The Speaker of the House needs to put a clean spending bill on the floor for a vote. He has the votes.

    Extending the debt ceiling for six weeks is none professional , Stop destroying the momentum of our economy .

    China loves the GOP ,

    October 10, 2013 02:55 am at 2:55 am |
  20. gwats1957

    The GOP painted themselves into corner.... Let them find their own way out.

    October 10, 2013 03:01 am at 3:01 am |

    GOP has held USA at gunpoint just for the sake of showing their strength. People have not forgotten or forgiven George Bush for taking us into a wrong war and turning America into another third world country. This is not the way the Republicans are expected to behave. We people put them there so that they may get some pocket money and now they want to start producing their own money? They have proved that they are highly educated criminals!

    October 10, 2013 03:13 am at 3:13 am |
  22. waitaminute

    37% Approval for Obama... 40% Approval for Dems in Congress... We are winning. Call your Rep's and tell them not to cave in to the Progressives.

    October 10, 2013 03:25 am at 3:25 am |
  23. doug

    So.... kick the can down the road? Why not have an unlimited debt ceiling our money is almost worthless anyway. China will be the largest economy in the world in about 2 years. From that point we will not have the power anymore and will be at a greater risk of losing reserve currency status.... the next few years won't be very pretty.

    October 10, 2013 03:38 am at 3:38 am |
  24. nomoreshutdown

    We don't need to increase the debt limit, and ultimately our nation's debt! Stop funding Congress. They caused this mess. Stop funding their banquet halls and $16 bagels. Stop funding all the wrong things for our country, like war, and fund education instead. Pay off our debt with the billions that is being given away in foreign aid.

    October 10, 2013 03:45 am at 3:45 am |
  25. ken

    Did the American people vote them in?

    October 10, 2013 04:14 am at 4:14 am |
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