Monday, October 28, 2013
Tuesday, October 8, 2013
Posted by BlogHq on Tuesday, October 08, 2013 with No comments
President Barack Obama turned up the political force on Republicans on Tuesday, idiom he might be ready to arrange on plan issues just after they consent to re-open the national government and raise as far as possible with no conditions.
At a news conference, an unbending Obama said he would not hold talks on ways to end the fiscal impasse under threat from "more extreme parts of the Republican Party."
"If reasonable Republicans want to talk about these things again, I'm ready to head up to the Hill and try," Obama told reporters.
"But I'm not gonna do it until the more extreme parts of the Republican Party stop forcing (House Speaker) John Boehner to issue threats about our economy. We can't make extortion routine as part of our democracy."
Obama's comments followed an earlier phone call to Boehner, who had adopted a slightly more conciliatory tone in comments to reporters after a meeting with House Republicans.
"There are no boundaries here. There's nothing on the table, there's nothing off the table," Boehner said, making no mention of his recent demands to delay parts of Obama's healthcare law in return for approving funds to end the government shutdown.
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House Republicans emerged from their meeting saying they would insist on deficit-reduction talks with Obama as a condition for raising the federal debt limit, but some signaled they might pass short-term legislation to avert a default in exchange for immediate talks.
"If we have a negotiation and a framework set up, we can probably reach a way to raise the debt ceiling while the negotiation is in progress. But nobody is going to raise it before there is a negotiation," Republican Representative Tom Cole of Oklahoma said.
Following Obama's news conference, Boehner said on that it was "unsustainable" for the president to keep rebuffing Republican demands to negotiate deficit reduction in exchange for raising the debt limit and restoring government funding.
"The long and short of it is, there's going to be a negotiation here. We can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means," Boehner told reporters.
He was responding to Obama's earlier statements reiterating his demands for "clean" debt limit and government funding measures.
The bitter fiscal stalemate has shut down the federal government for eight days and threatens to prevent the raising of the country's $16.7 trillion borrowing limit before an October 17 deadline identified by Treasury Secretary Jack Lew.
The possibility the government could default on its debt sparked fears of potential global economic havoc, with foreign creditors and the International Monetary Fund's chief economist warning of the potential consequences.
"I think what could be said is if there was a problem lifting the debt ceiling, it could well be that what is now a recovery would turn into a recession or even worse," IMF chief economist Olivier Blanchard said.
Obama said he did not think the crisis would create lasting international damage. "As I said, if we deal with this the way we should, then, you know, folks around the world will attribute this to the usual messy process of American democracy but it doesn't do lasting damage."
Investors remain skeptical the parties are ready to resolve the standoff and are exhibiting increasing anxiety as the deadline for raising the debt ceiling approaches.
One of the stock market's most closely watched measures of investor nervousness, the Chicago Board Options Exchange Volatility Index, on Tuesday surged to its highest level since late June. The Standard & Poor's 500 index was down 1.2 percent in late afternoon trading.
In the U.S. Treasury market, the sale of $30 billion of 1-month bills maturing November 7, not long after the government could run out of cash unless the debt ceiling is raised, met with weak demand that pushed bill interest rates to a five-year high.
At a news conference, an unbending Obama said he would not hold talks on ways to end the fiscal impasse under threat from "more extreme parts of the Republican Party."
"If reasonable Republicans want to talk about these things again, I'm ready to head up to the Hill and try," Obama told reporters.
"But I'm not gonna do it until the more extreme parts of the Republican Party stop forcing (House Speaker) John Boehner to issue threats about our economy. We can't make extortion routine as part of our democracy."
Obama's comments followed an earlier phone call to Boehner, who had adopted a slightly more conciliatory tone in comments to reporters after a meeting with House Republicans.
"There are no boundaries here. There's nothing on the table, there's nothing off the table," Boehner said, making no mention of his recent demands to delay parts of Obama's healthcare law in return for approving funds to end the government shutdown.
RELATED
Government shutdown prompts acts of defiance across U.S.
Political cartoons on the government shutdown
Gallery: Political cartoons on the shutdown
Government shutdown live update
Blog: Shutdown updates from around the Web
White House improvising Obama's schedule during government shutdown
Obama improvising schedule during shutdown
Starbucks CEO weighs in on shutdown
Shutdown could end NIU's Antarctica project
Shutdown disrupts Head Start programs
See more stories »
House Republicans emerged from their meeting saying they would insist on deficit-reduction talks with Obama as a condition for raising the federal debt limit, but some signaled they might pass short-term legislation to avert a default in exchange for immediate talks.
"If we have a negotiation and a framework set up, we can probably reach a way to raise the debt ceiling while the negotiation is in progress. But nobody is going to raise it before there is a negotiation," Republican Representative Tom Cole of Oklahoma said.
Following Obama's news conference, Boehner said on that it was "unsustainable" for the president to keep rebuffing Republican demands to negotiate deficit reduction in exchange for raising the debt limit and restoring government funding.
"The long and short of it is, there's going to be a negotiation here. We can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means," Boehner told reporters.
He was responding to Obama's earlier statements reiterating his demands for "clean" debt limit and government funding measures.
The bitter fiscal stalemate has shut down the federal government for eight days and threatens to prevent the raising of the country's $16.7 trillion borrowing limit before an October 17 deadline identified by Treasury Secretary Jack Lew.
The possibility the government could default on its debt sparked fears of potential global economic havoc, with foreign creditors and the International Monetary Fund's chief economist warning of the potential consequences.
"I think what could be said is if there was a problem lifting the debt ceiling, it could well be that what is now a recovery would turn into a recession or even worse," IMF chief economist Olivier Blanchard said.
Obama said he did not think the crisis would create lasting international damage. "As I said, if we deal with this the way we should, then, you know, folks around the world will attribute this to the usual messy process of American democracy but it doesn't do lasting damage."
Investors remain skeptical the parties are ready to resolve the standoff and are exhibiting increasing anxiety as the deadline for raising the debt ceiling approaches.
One of the stock market's most closely watched measures of investor nervousness, the Chicago Board Options Exchange Volatility Index, on Tuesday surged to its highest level since late June. The Standard & Poor's 500 index was down 1.2 percent in late afternoon trading.
In the U.S. Treasury market, the sale of $30 billion of 1-month bills maturing November 7, not long after the government could run out of cash unless the debt ceiling is raised, met with weak demand that pushed bill interest rates to a five-year high.
Posted by BlogHq on Tuesday, October 08, 2013 with No comments
Not again. An arrest warrant has been issued for Gucci for allegedly assaulting a fan at Atlanta’s Harlem Nights club last Friday for his Trap Back 2 release party.
The victim, a U.S. soldier, tells WSB-TV he was hit in the head with a bottle and left with 10 stitches after asking to take a photo with the rapper.
UPDATE: Gucci has turned himself in. Fox Atlanta says he was denied bail by a judge today and is due back in April 10. WSB-TV reporter Amy Napier Viteri says:
POLICE SOURCES SAY RAPPER GUCCI MANE HAS TURNED HIMSELF IN, CHARGED WITH AGGRAVATED ASSAULT FOR HITTING SOLDIER ON HEAD WITH BOTTLE. I’M TOLD GUCCI IS IN POLICE CUSTODY. HE WILL BE BOOKED INTO FULTON COUNTY JAIL.
UPDATE 2: According to the AJC, Gucci’s been indicted on one count of assault.
UPDATE 3: What the hell?! After being released on a $75,000 bail yesterday, Gucci was taken back into custody as the incident above violated his probation.
UPDATE 4: Back in the streets today. Due back in court this month. Case pending.
UPDATE 5: It’s been one helluva week for La Flare. Following his Twitter rant and nearly getting into a fight, he was arrested this morning in Atlanta for marijuana, a concealed weapon, and threatening police. According to TMZ he was booked and taken to the hospital as a precautionary measure.
The victim, a U.S. soldier, tells WSB-TV he was hit in the head with a bottle and left with 10 stitches after asking to take a photo with the rapper.
UPDATE: Gucci has turned himself in. Fox Atlanta says he was denied bail by a judge today and is due back in April 10. WSB-TV reporter Amy Napier Viteri says:
POLICE SOURCES SAY RAPPER GUCCI MANE HAS TURNED HIMSELF IN, CHARGED WITH AGGRAVATED ASSAULT FOR HITTING SOLDIER ON HEAD WITH BOTTLE. I’M TOLD GUCCI IS IN POLICE CUSTODY. HE WILL BE BOOKED INTO FULTON COUNTY JAIL.
UPDATE 2: According to the AJC, Gucci’s been indicted on one count of assault.
UPDATE 3: What the hell?! After being released on a $75,000 bail yesterday, Gucci was taken back into custody as the incident above violated his probation.
UPDATE 4: Back in the streets today. Due back in court this month. Case pending.
UPDATE 5: It’s been one helluva week for La Flare. Following his Twitter rant and nearly getting into a fight, he was arrested this morning in Atlanta for marijuana, a concealed weapon, and threatening police. According to TMZ he was booked and taken to the hospital as a precautionary measure.
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