Republican Paul Ryan says debt limit is 'forcing action' on budget

WASHINGTON Tue Oct 1, 2013 12:25pm EDT

U.S. Representative Paul Ryan (R-WI) (C) arrives for a briefing to all members of Congress by senior Obama administration officials, at the U.S. Capitol in Washington, September 9, 2013. REUTERS/Jonathan Ernst

U.S. Representative Paul Ryan (R-WI) (C) arrives for a briefing to all members of Congress by senior Obama administration officials, at the U.S. Capitol in Washington, September 9, 2013.

Credit: Reuters/Jonathan Ernst

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WASHINGTON (Reuters) - Senior House of Representatives Republican Paul Ryan said on Tuesday that a mid-October deadline to raise the U.S. borrowing limit is a "forcing action" for a budget deal.

"We have a debt limit coming ... in about two weeks," Ryan told reporters at a brief news conference. The House Budget Committee chairman added: "Most budget agreements in the past have always involved debt limit increases."

He, along with other House Republican leaders, were discussing ways to address the U.S. government shutdown that began on Tuesday. Ryan did not say how long he thought the standoff would last.

(Reporting by Richard Cowan and David Lawder; Editing by Mohammad Zargham)

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Comments (2)
Burns0011 wrote:
The House *originates* the budget. But the *Senate* gets the first right to amend and approve it. And the President has almost the final say.

By obstinately saying “It’s our way or no way at all,” House Republicans are failing in their constitutionally mandated duties. Compromise *starts* in the House, not in the Senate.

We need to look at the gerrymandering that has been going on in the States, and find a way to take political affiliation out of the process of drawing Congressional districts.

Oct 01, 2013 1:33pm EDT  --  Report as abuse
Overcast451 wrote:
Here you go – got this right here on Reuters. The ’5 dumbest things you can do if you are in debt’….

Read this Mr. Obama and people in Congress – check out #4 in particular…

http://www.howlifeworks.com/Article.aspx?Cat_URL=finance&AG_URL=The_5_Dumbest_Things_You_Can_Do_if_You_Have_too_Much_Debt_376&ag_id=1084&wid=DA568CFD-FD3D-4053-B1DC-82535E4148BB&did=3748&cid=1005&si_id=2175&pubs_source=mpt&pubs_campaign=20131001-1084

“4. Using new high-interest loans to pay off lower interest rate loans. It may be easier to just have one payment. but it will actually increase the amount you have to pay back.”

Go figure huh?

Oct 01, 2013 2:07pm EDT  --  Report as abuse
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