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. Dave - Phx

    Stupid is, as stupid does.

    October 10, 2013 06:54 am at 6:54 am |
  2. Angela M.

    I hope Boner and his boys have their day at the Hauge. Obama is tough but you don't comprise with evil.

    October 10, 2013 06:54 am at 6:54 am |
  3. Santa Claus

    Bonerhead needs to climb out of the tree that he's stuck in.

    October 10, 2013 07:00 am at 7:00 am |
  4. Maripil

    As usual the party of NO and DENIAL, the Republican Party are so confused that they don't even know anymore what their demands are!! It's total chaos on their part that there is so much divisiveness in their party!

    October 10, 2013 07:02 am at 7:02 am |
  5. Maripil

    The whole Republican Party MUST be booted out of office in 2014!

    October 10, 2013 07:04 am at 7:04 am |
  6. Drewsie

    Why is the minority running the show? Through the bums out.

    October 10, 2013 07:05 am at 7:05 am |
  7. Zerubbabel

    GOP, country first, win an election and you will have the mandate to repeal the ACA. We still follow the rule of law in the US.

    October 10, 2013 07:07 am at 7:07 am |
  8. humtake

    Doesn't matter. The Dems will reject it and blame everything on the Reps. Tune in next time the Republicans are in power, you will see them do the same thing to the Dems. And on and on and on...

    October 10, 2013 07:11 am at 7:11 am |
  9. kevin

    GOP: To help you juggle better, let me cut your arms off.
    DEM: No
    GOP: How about your hands?
    DEM: No.
    GOP: How about your fingers?
    DEM: No.
    GOP: Why won't you negotiate?

    October 10, 2013 07:14 am at 7:14 am |
  10. Zon

    As if they are going to resolve their differences in another six weeks.

    October 10, 2013 07:16 am at 7:16 am |
  11. captcaps

    Boehner and Cruz are Freaks where do you Republicans Breed this type of Disfunctional Dirtbag .... I will do everything in my power to Vote this Republican Rabble out of office.... Republicans should stand down and let the wheels of Government and our economy restart ......You have hurt Americans on the Most Personal level and all of you Republicans will Pay at the polls....Charles Bowen Solomon Stone

    October 10, 2013 07:16 am at 7:16 am |
  12. ryan

    A short term debt ceiling increase is not ideal, but it is better than defaulting. I do believe we will be right back in this same situation in 4-6 weeks. The GOP extremists will demand drastic cuts to government spending and will not negotiate on raising taxes or revenue of any kind therefore this doesnt go anywhere in the end.

    October 10, 2013 07:16 am at 7:16 am |
  13. Robertson

    The Libs are right: The GOP is nailing its own coffin shut. Democrat voters will never vote for anyone other than a big government, more taxes, more regulations, more hand-outs, and fewer freedoms fool, and the GOP voter base is getting sick of their spineless reps cowering to the wishes of the media and left-wing loons. Goodbye, GOP. We need to start over.

    October 10, 2013 07:17 am at 7:17 am |
  14. Schnauzert Dad

    I wish my CHILD made the same salary these CHILDREN did!

    October 10, 2013 07:19 am at 7:19 am |
  15. captcaps

    Thank You Boehner and Cruz and all of those Righteous Republicans for Destroying the Republican Party Of No our country has had enough of the likes of you.....You've had your say now go away.....Charles Bowen Solomon Stone

    October 10, 2013 07:21 am at 7:21 am |
  16. dave

    It's probably just tax breaks for the rich. The republicans are pretty predictable. Then there's always eliminate all the social programs. I like the one where they want all the workers to work until they are about 80, that way they will be dead when they retire, that's a funny one. SS has been running a surplus for so long, but they never mention what happened to all the surplus. It's also a stand alone budget item, you have a seperate column for your SS on your paystub. Military spending should be like that also, but they have the hidden away someplace, mixed with everything else. I guess the ideal situation for republicans would be 99% of tax revenue goes to the military, 1% for everything else, and then tax breaks for the rich.

    October 10, 2013 07:23 am at 7:23 am |
  17. ronjayaz

    This Congress is sheer torture. 2014 cant come soon enough.

    October 10, 2013 07:23 am at 7:23 am |
  18. danita

    Obama – You are a flat out liar... We wouldn't default... Only way this would happen if you allowed it, not because the country doesn't have the money. Also you're only agreeing to this just to say you did meet with the reps. you're so full of lies it's a shame and can't wait until they all fall apart for you...

    October 10, 2013 07:23 am at 7:23 am |
  19. john

    Next fall's campaigns are going to be interesting. The GOP continues to supply the Democrats with more than enough ammunition. Hey, Boehner, you'll be calling Pelosi "Madam Speaker" again.

    October 10, 2013 07:26 am at 7:26 am |
  20. Daveincincy

    A long term plan must include long term reform period. Otherwise we'll continue this vicious cycle. I read that the fed spent $47K on a mechanical bull recently...that's just unbelievable.

    October 10, 2013 07:27 am at 7:27 am |
  21. Sage

    The Republicans keep saying we have a spending problem. But they didn't have a problem with the Bush era tax cuts that caused the problem. They also will not agree to lower defense spending, or eleminate tax breaks for certain industries. All they want are cuts from Medicare or SS.
    Why do they hate the middle class?

    October 10, 2013 07:31 am at 7:31 am |
  22. Sandra Alden

    John Boehner and Harry Reed need to be kicked out of office immediately. Their combined idiocy is what is ultimately holding our nation hostage.

    October 10, 2013 07:31 am at 7:31 am |
  23. 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:

    1) A request that for 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 a long term debt ceiling increase legislation
    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 07:34 am at 7:34 am |
  24. nc_mike

    No discussions unless the GOP lifts the shutdown.

    October 10, 2013 07:36 am at 7:36 am |
  25. sadlyperturbed

    So that we all can go through this again in 4 to 6 weeks. Yes, it's a great idea.

    October 10, 2013 07:37 am at 7:37 am |
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