Some in GOP Doubt Default Would be Catastrophic

Wednesday, 13 Jul 2011 03:02 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — Some congressional conservatives are discounting their own leaders' claim that defaulting on the nation's debt would be disastrous.

GOP presidential hopeful Michele Bachmann was one of three House members Wednesday who proposed a bill to guarantee military personnel and others would get paid if President Barack Obama and congressional Republicans cannot agree to raise the nation's debt limit by Aug. 2. It wasn't clear that any leaders supported the bill.

Iowa Rep. Steve King said "Excuse me for trying to lead," using Speaker John Boehner's words to Obama during the tense talks.

They were pushing back on claims by Obama, Boehner and others that default could destabilize the national and global economies. Obama has said he cannot guarantee Social Security recipients would receive checks past Aug. 2 without an agreement.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved