U.S. House Republican-Obama fiscal deal could come by Friday: Rep. Sessions

WASHINGTON Thu Oct 10, 2013 8:16pm EDT

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WASHINGTON (Reuters) - U.S. Republican Representative Pete Sessions on Thursday said that he was hopeful House of Representatives Republicans and the Obama administration can strike a deal by Friday on legislation raising the U.S. debt limit and funding the federal government.

Sessions, chairman of the powerful House Rules Committee, told Reuters that over the next 15 hours or so, the White House and House Republicans will work on "defining parameters to see if we can make progress."

If that progress is achieved, the two sides would then try to complete a deal, possibly on Friday.

(Reporting by Richard Cowan; Editing by Eric Beech)

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Comments (3)
Whatsgoingon wrote:
If the solution is kicking the same can down the road, what are all these dramas for? Overtime pay?

Oct 11, 2013 1:20am EDT  --  Report as abuse
This is what Obama told us in 2006:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘‘the buck stops here.’’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

I therefore intend to oppose the effort to increase America’s debt limit.”

We often say that we become more wise during age, but is that actually true with Obama?

Oct 11, 2013 10:19am EDT  --  Report as abuse
Des3Maisons wrote:
The Republicans messed up big time, they know it and now they’re looking for a way out and to save face at the same time.

Oct 11, 2013 10:26am EDT  --  Report as abuse
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