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. Peter

    We don't need anymore temporary fixes. What we need are long term solutions. The current congress has failed to do this and is not likely to accomplish this anytime soon. Tragically, we the people no longer have the balls to fix this problem the old fashioned way.

    October 10, 2013 04:18 am at 4:18 am |
  2. Luis

    Open the goverment plz i beg u

    October 10, 2013 04:33 am at 4:33 am |
  3. Chris

    Brilliant...what a way to make an uncertain situation more uncertain. Six-week delay to another countdown to an Economic Nuclear Winter. If the economy hasn't already slowed down not just from the federal government shutdown but everyone else cutting back 'cause the 'children' have not gotten their way. Six-week more weeks...right into holiday season...brilliant...and who thinks they'll have an agreement then. Why wouldn't Republicans Tea Parties see they have leverage by threatening a USA default to continuous extract concessions...fyi, it's a 'shake down...
    When will they understand the debt ceiling is about new funding things but things the congress already agreed to spend money on, oh, yes spending federal gov't money for those projects comes from taxes...really...
    I'd tell our President, if these Republican Tea Parties don't like gov't spending, let's stop the dollar flow to their districts first. If they knew Math they would realize that so-called Liberal (I prefer calling them Progressive) states pay most in of the taxes - so, send back to us what we send to DC in taxes. 'Til then they won't fully appreciate the redistribution of weath then so much rally against.

    October 10, 2013 04:34 am at 4:34 am |
  4. Iraj

    Clearly, there is no vision and no long term planning. No small business can function in this climate. We have a bunch of nuts prostituting themselves in a manner that supports their own interests rather than that of their constituents.

    October 10, 2013 04:44 am at 4:44 am |
  5. Jim Bob

    Approve the darned thing to get the government open and get to work. No days off, no vacations, no recess, no threats of"no negotiations," Just get to wrok and get it done. The American People are ready for some real leadership.

    October 10, 2013 04:46 am at 4:46 am |
  6. Crissie

    So raise the debt ceiling, but keep the government closed? This is not going to stop until we the people vote all of these obstructionists out of office in 2014, and 2016, etc. Why raise the debt ceiling if they are going to keep the government shut to me it is a waste of taxpayers money!! They keep saying that they were elected to stop the wasteful spending, yet here they are wasting our tax dollars again!! OPEN THE DAMN GOVERNMENT FIRST, THEN DO YOUR DEBT CEILING INCREASE!! I HOPE PRESIDENT OBAMA DOES NOT AGREE, AS THE GOVERNMENT NEEDS TO BE OPENED!!!!!!

    October 10, 2013 04:57 am at 4:57 am |
  7. hughiewis

    If your Boehner lasts longer than 4 hours, call your doctor. just don't let it be one that you found through the help of a government policy/law.

    October 10, 2013 05:09 am at 5:09 am |
  8. The Elephant in The Room

    Do they really think they are fooling anyone? Do they REALLY think that the DEMOCRATS won't recognize that the "tough guy" GOP'ers finally PUNKED OUT like everyone knew that they would? They remind me of that kid in the neigjhborhood who was quick to go shoulder-to-shoulder with a nemisis saying "don't push me" meanwhile everyone observing KNEW the coward REALLY didn't want the fight. Thank good we can count on the DEMOCRATS to stand up to the crazies.

    October 10, 2013 05:09 am at 5:09 am |
  9. Jam

    The republicans will never, never, let a debt default. For the same reason they want a balanced budget. Their backers have a lot of dollars at stake that's bound to lose a lot of value.

    Use that as leverage to end the shutdown. I'm guessing the democrats and their rich backers will not allow them to do that. It's all a tussle between conscience and greedy self interest.

    October 10, 2013 05:12 am at 5:12 am |
  10. sgraffwriter

    If a long term agreement isn't possible with house republicans now, then how is it going to be possible in six weeks unless Boehner is willing to get democrat votes? I agree with Angus King, but anything the House can pass without strings attached should not be vetoed, as long as Boehner is willing to hammer out a realistic agreement that doesn't have to pass muster with tea party lunatics.

    October 10, 2013 05:16 am at 5:16 am |
  11. wallstreetwednesdays

    Hopefully they will only increase the ceiling enough to last 4 weeks. They should also pass a clean CR for 4 weeks as well. Then we can see what kind of "negotiating" the dems are willing to do.

    October 10, 2013 06:05 am at 6:05 am |
  12. ME

    I expect Wall Street told these inept politicians of the consequences.
    I have never in my life seen such a goofy bunch of Politicians..
    Anyone else see these Tea Party People talk?
    We all know the reason they have been doing this from the beginning.
    America is not stupid and Obama is our President!

    October 10, 2013 06:05 am at 6:05 am |
  13. Eddie Lee

    When the economy suffers the GOP suffers more than the folk that don't have any stocks and bonds. The GOP are what my grandfather called parachute cutters-A Democrat and a Republican jumped from a plane, the Republican's parachute opened to soon causing him to possibly land after the Democrat, seeing this the Republican cut the cords of his parachute and as he passed the Democrat plunging to his death he said, "I ain't gonna let no Democrat beat me doing nothing." RIP-GOP

    October 10, 2013 06:08 am at 6:08 am |
  14. Merlin

    They should have unveiled a workable plan this past summer and Congress should have put this issue to rest months ago instead of waiting until the last minute...again.

    October 10, 2013 06:08 am at 6:08 am |
  15. Navyvet8192

    This would be laughable if it weren't so sad. Congress has shut down the government to show that there needs to be limits and controls on government spending, then in the very next move approves legislation that grants back pay for all the personnel who were furloughed. I think it is great for the furloughed workers, don't get me wrong. In actuality though, what did it really accomplish other than placing undue hardships on hard working Americans, and making our government more of a laughing stock in the world's eye than it already is??? Oh, it did show that a small faction of a party can hijack the whole party, and a House Speaker is merely a puppet of that controlling minority. It also showed that the constitution means little to that controlling minority, and their primary agenda is and always has been to undermine the President. I am what you may call a moderate Republican, by today's standards might as well make me a Democrat in the eyes of the Tea Party. Speaker Boehner needs to get control of his house, and the minority whip in the senate needs to do likewise and put the Tea Party folks in their places as junior members of the house and senate. jIf this nonsense keeps up, the party has no chance to hold their positions in 2014, and we might as well forget about 2016! Clinton will take it in a landslide! Now just pause and think about that outcome for a minute or 2. A democratically controlled house, senate, and White House under Mrs. Clinton,... Do we really want to be there???

    October 10, 2013 06:10 am at 6:10 am |
  16. Jason

    This shut down before Christmas makes a world of sense. I wish we had snap elections so we could boot these fools today.

    October 10, 2013 06:15 am at 6:15 am |
  17. Bob R., Maryland

    ENOUGH! It is time for Speaker Bonehead to isoliate the anti-American, gerimander-syringe-induced cancer in his faction of the party and put the Senate's clean bill up for a vote.

    October 10, 2013 06:23 am at 6:23 am |
  18. Marie MD

    I see that a 28% poll means absolutely nothing to these traitors and blackmailers.
    They have known all along that Obamacare is here to stay so now they are going after their real target(s) Medicare and Social Security. Those "entitlements" that we all pay for from our first paycheck.
    The same "entitlement" that helped the lying altar boy fro WI and failed vp candidate after his father's death.
    How quickly we forget not only where we came from but how we got here and what some of us had to go through. Those big powerful halls of the Capitol are intoxicating.

    October 10, 2013 06:24 am at 6:24 am |
  19. jbosstutorial

    This in not acceptable. Open the government. Raise the debt ceiling. Pass a clean CR. Then work with the Democrats on reducing spending and being fiscally conservative. I agree 100% that we need to reduce spending levels, but it is not going to happen overnight. The only reason for this mess, in my opinion, is that a small racist group of Republicans, "want their country back" and will do anything, including shutting down the government. That is what this boils down to. But it may backfire, because at least half of America is not racist. Just a bunch of old, angry white men holding the country hostage. The House Speaker could put a clean CR to vote, but he won't because I believe that he is a racist deep, down in his heart. Just my honest opinion.

    October 10, 2013 06:26 am at 6:26 am |
  20. mustache1

    Sick of GOP parlor games, grandstanding and finger pointing. They will regret these antics come 2014!

    October 10, 2013 06:33 am at 6:33 am |
  21. C THOMAS

    This is a terrible situation. The president should and house and senate democrats should not agree to increasing the debt ceiling but allowing government to be shut down temporarily. Let the entire nation defualt! Raising the ceiling to allow the rich to conitiune to function and not feel the blow is irresponsible. As a government employee we are going to drown without pay for the next six weeks! Why should we not get paid but still have to come to work and funciton "business as usual" just so these politicians can play games with peoples lives. If they really want to cut entitlement funding and drive down they debt they need to cut benefits to underserving veterans! No one likes to say what divisions really eat up the majority of the federal budget and what really creates the debt in this country. Social security...I think not! Social security checks will be the only checks that go out if we default! VA benefits come directly from the federal budget, of which DOD eats up approx 48 – 52%! But the right wingers love VA don't they? It is one of the agenices they want to fund in their piecemeal resolutions. The American people are some of the most ill informed people in the world! Shameful!

    October 10, 2013 06:35 am at 6:35 am |
  22. steve

    The debt ceiling will be temporarily released but the government will continue to be held hostage. Vote the bums out.

    October 10, 2013 06:36 am at 6:36 am |
  23. Pastor Paul c.

    Gop, lost an election twice to de man whom de belive is worth a dime bcos his is black and dey belive he is not a citizen of America. Dats their grudge and until something happens to remove Obama, they are battered, bittered and barraged wit shame. Just give them de presidency sit now at de oval office dey will vote Obamcare immediately.

    October 10, 2013 06:42 am at 6:42 am |
  24. Steve

    Keep punishing the citizens for something they have nothing to do with and protect businesses? No thanks.

    October 10, 2013 06:42 am at 6:42 am |
  25. jnpa

    It will probably be the exact same deal that Obama offered to the GOP and they rejected.

    October 10, 2013 06:44 am at 6:44 am |
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