Obama says expects Congress will raise debt ceiling before deadline

WASHINGTON Sat Oct 5, 2013 10:30am EDT

U.S. President Barack Obama delivers remarks on the government funding impasse at M. Luis Construction, a local small business in Rockville, Maryland, near Washington, October 3, 2013. REUTERS/Jason Reed

U.S. President Barack Obama delivers remarks on the government funding impasse at M. Luis Construction, a local small business in Rockville, Maryland, near Washington, October 3, 2013.

Credit: Reuters/Jason Reed

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WASHINGTON (Reuters) - President Barack Obama said he does not expect to have to take any unusual steps to prevent the United States from defaulting on its debt because he believes Congress will raise the debt ceiling before a looming October 17 deadline.

"I don't expect to get there," Obama said in an interview with the Associated Press released on Saturday. "There were at least some quotes yesterday that (House of Representatives) Speaker (John) Boehner is willing to make sure that we don't default," he said.

"And I'm pretty willing to bet that there are enough votes in the House of Representatives right now to make sure that the United States doesn't end up being a deadbeat," Obama said.

(Reporting by Roberta Rampton; Editing by Vicki Allen)

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Comments (12)
TheNewWorld wrote:
Lets stop playing chicken. The House Republicans want to negotiate and Obama and Reid refuse to. This whole mess is going to just start over in another 4-12 months, whenever we hit the next debt limit. Maybe Obama could negotiate and say we will delay the mandate for 1 year if you eliminate the debt limit altogether, or eliminate the Bush tax cuts, or whatever. Just get to the negotiation table and stop the madness.

Oct 05, 2013 11:01am EDT  --  Report as abuse
Obsilutely wrote:
There is nothing to negotiate. They had their chance and they refused. This is what happens when a party decides they didn’t get their way and becomes willing to do everything they can to break down our political processes as a result. Unfortunately, most Americans take information from the television at face value and immediately believe it. They have no idea how hard Obama has attempted to negotiate, they just believe everything John Boehner tells them. It’s discouraging and makes me wonder how many people in this country are actually capable of making their own decisions.

@TheNewWorld – Please allow me to refresh your memory:

Here’s what happened when Obama tried to negotiate leading up to the fiscal cliff. The Bush tax cuts were set to expire at the end of 2012 at the same time as some automatic spending cuts were scheduled to kick in. Obama had just won reelection in part by promising to raise taxes on individuals making over $200,000 a year. Boehner and the House Republicans, who lost seats in 2012, at first refused to allow any tax increases, but Boehner eventually indicated that he’d allow increases for people making over $1 million a year. Obama, trying to reach a compromise, broke his campaign promise and indicated to Boehner that he’d agree to a threshold of $400,000 a year. At that point, Boehner broke off negotiations and introduced a bill preserving the Bush tax cuts for everyone making less than $1 million. The bill failed to gain enough Republican support, it was pulled before it could be voted on, and Boehner recessed the House for the holidays.

That’s why, according to Black, “the old pros made a deal.” They had to make a deal because Boehner refused to negotiate with Obama, who had given ground to Boehner even though he could have stood firm on a mandate from the American electorate.

Let’s also take a quick moment to remember why it was that the Bush tax cuts were set to expire at the end of 2012. They had originally been scheduled to expire on January 1, 2011, but Obama brokered a deal with the Republicans in December 2010 to extend them for two more years, angering a great many Democrats and liberals.

So can we please stop pretending that the problem here is an inability on the part of Obama to make deals?

Oct 05, 2013 11:42am EDT  --  Report as abuse
tatman wrote:
@thenewworld: wake-up. the republicans have been treating the word “compromise” as a dirty word for 5 years now, and have no intention of “negotiating”. you are sheep, following the scripted attempt from the republican/tea party hard line to make it look as if they are not the problem. they ARE the problem, and are holding our country hostage and destroying our economy and national reputation to force an ideological agenda on the american people that was REJECTED by our nation in the last election. THINK FOR YOURSELF and look beyond the fox news-bytes.

what the republicans are doing is TREASON — undermining and harming the nation they swore to serve and protect. and to all of their supporters out there, if you are not part of the solution, you are part of the problem.

Oct 05, 2013 12:39pm EDT  --  Report as abuse
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