House GOP's Price for Raising Debt Ceiling: Keystone or Obamacare Reforms

Tuesday, 04 Feb 2014 07:46 AM

By Melissa Clyne

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
House Republicans have narrowed to two their bargaining chips for raising the U.S. debt-limit before its Feb. 7 expiration date, The Washington Post reports.

The House will agree to hike the debt ceiling in exchange for approval of the Keystone XL pipeline or a one-year extension for repeal of Obamacare’s risk acts corridors, which are payments to insurers if the insurers suffer serious losses on the Obamacare exchanges.

The options were discussed last week at the GOP’s annual retreat in Maryland and will be further debated today at the Capitol.

Bloomberg has reported that Senate Republicans will probably have enough votes to raise the debt limit without conditions, citing third-ranking Senate Republican John Thune of South Dakota.

“I suspect that with Democrats, there are probably enough Republicans in the Senate that would vote for a clean debt limit increase,” Thune said.

While the Senate may have enough votes without demanding conditions, some senators, including Texas Republican Ted Cruz, still want Republicans to use a debt limit increase “as an effective ‘lever point’ to insist on ‘significant structural reforms that address the out-of-control spending and out-of-control debt in Washington,’” Bloomberg notes.

South Carolina GOP Sen. Lindsey Graham countered that the party would be foolish to again tie Obamacare to the debt ceiling debate.

“We’ve been down that road,” Graham said. “Let’s try to do things where there is bipartisan support.”

The president and Democratic Senate Majority Leader Harry Reid of Nevada have insisted they will not negotiate with Republicans on conditions to raising the limit.

Disagreements over the debt limit led to the 16-day partial government shutdown in October. It was ultimately suspended without conditions, but only after the GOP-led House lobbied hard for the debt limit increase to be tied to provisions changing Obamacare and promoting the pipeline.

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Pro-Russian Group Denies Producing Ukraine Jewish 'Registration' Leaflets

Thursday, 17 Apr 2014 15:07 PM

Ukrainian Jews leaving Passover eve prayers were handed leaflets ordering them to either register with an interim govern . . .

Gallup Poll: Record Disapproval Ratings for Obama on Economy

Thursday, 17 Apr 2014 22:41 PM

More than half of Americans said they had virtually no confidence in President Barack Obama's ability to improve the nat . . .

Ben Carson: Americans 'Being Played' by Those Who Seek Division

Thursday, 17 Apr 2014 22:02 PM

Retired pediatric neurosurgeon Dr. Ben Carson said Thursday that Americans are "being played by those people who want to . . .

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

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