White House Blames 'Congressional Stupidity' For Lack of Deal

Wednesday, 26 Dec 2012 06:21 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
As President Barack Obama cut short a Christmas vacation to resume talks to avoid the "fiscal cliff" of automatic year-end tax hikes and spending cuts, the White House on Wednesday called on congressional Republicans not to stand in the way of a resolution in the U.S. Congress.

“What we need is for the Senate Minority Leader not to block a vote and for Boehner to allow a vote,” a White House official told ABC News. “The hits from our economy are not coming from outside factors they’re coming from Congressional stupidity."

Obama is seeking a stripped down deal to prevent tax rates from rising on all but the wealthiest Americans and to stop steep across-the-board spending cuts.

The White House last week proposed a broader package that would have let tax rates stay low for those making up to $400,000, a compromise from the president's previous rate hike threshold of $250,000.

House of Representatives Speaker John Boehner was unimpressed with the offer and sought unsuccessfully to push his own proposal through Congress, but members of his own Republican Party balked at rate hikes of any kind. Talks broke down after that and the president and lawmakers left town for the holiday.

The focus will shift to the Senate for a deal, where Obama will rely on an ally, Senate Majority Leader Harry Reid, to work out a bill that the top Senate Republican, Kentucky's Mitch McConnell, will not obstruct. The House must also pass the measure.

A broader effort to trim the nation's massive budget deficit will have to wait, the official said.

Congressional stubbornness risks again damaging the fragile economy, just as the nation's near-default in 2011 - the result of a stalemate over raising the national borrowing limit - dealt a nascent economic recovery a setback, the administration official said.

"If you think about the possibility of Congress failing to act to avert the fiscal cliff, combined with the abomination of what occurred in the summer of 2011, hits to our economy aren't coming from external factors, they're coming from congressional stupidity," the official said.

© 2014 Thomson/Reuters. All rights reserved.

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

Gallup: Ebola Worries Americans, But Behind Economy, Jobs

Tuesday, 21 Oct 2014 10:57 AM

A new poll on Tuesday showed Ebola has moved into the top 10 issues of concern to Americans but ranks behind the economy . . .

NYT: Early Voting in Nevada, Ohio 'Looks Bad' for Dems

Tuesday, 21 Oct 2014 10:35 AM

Early voting figures in Nevada and Ohio are likely to give Democrats a reason to be nervous ahead of the midterm electio . . .

GOP Pours $100 Million Into Get-Out-The-Vote Drive

Tuesday, 21 Oct 2014 10:29 AM

In the final two weeks of the campaign, Republicans and Democrats will be spending late nights and early mornings workin . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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