GOP offers deal, and the White House may be listening. Republican leaders in the House are suggesting a deal of a six-week increase in the national debt (now nearly $16.8 trillion) ceiling in order to prevent a U.S. default on debts, which would be the first of its kind. USA Today offers the details this Oct. 10, adding that the White House and President Barack Obama might consider the bill upon inspection of its details.
Following the GOP offering the deal, if enough support can be found within the political party, the House might vote on the six-week increase plan by this Thursday evening at the very earliest. It was Republican John Boehner of Ohio who first announced the plan to a general Republican conference this morning. If passed, the plan would extend the U.S.’ debt ceiling up until Nov. 22.
According to the report, the aim to gain approval for the temporary increase is partially due to Obama and Democrats in congress choosing not to discuss national budget talks with Republicans. The National Treasury has confirmed that our country will hit its debt ceiling as soon as Oct. 17, and would then begin the very first-ever default on our debts.
Currently, Democrats are said to be giving a “maybe” to the deal after the GOP offered the plan. Democrats are saying they will only be open to negotiations after Republicans opt to vote to increase the current debt ceiling and put an end to the ongoing government shutdown. The government shutdown is currently in its 10th day running. Notably, Boehner’s offer fails to address the shutdown itself.
"That's the conversation we're going to have with the president today," Boehner replied to a question regarding the issue. He added that the Republicans’ choice to allow for an increase to prevent a debt default was a way to compromise with President Obama, and now it’s his turn to do the same. "It's time for leadership. It's time for these negotiations and this conversation to begin.”
Jay Carney, a White House spokesman, said this Thursday morning that President Obama would probably sign even this short-term debt ceiling increase if there was the promise of now additional strings or political conditions attached. However, without explicit details of the GOP deal, it’s unknown whether House Republicans have included any.
"If a clean debt bill is passed, he would likely sign it," Carney said, concluding that it would "be far better" to raise the overall debt ceiling for a “period of time" that is even longer than the given six weeks.
What’s your input on the GOP offers deal headline? Will it (and should it) be accepted by President Obama and White House officials?