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  • bluecheese4u bluecheese4u Sep 26, 2013 2:25 PM Flag

    House Republicans shift Obamacare demands to next fiscal fight VIDEO

    House Republicans shift Obamacare demands to next fiscal fight VIDEO

    Updated at 12 p.m. ET

    Now that Congress has inched closer to passing a government spending bill without defunding Obamacare, House Republicans are shifting their campaign against the health care law to the next looming fiscal fight -- the debt limit.

    House Speaker John Boehner, R-Ohio, told reporters Thursday that House Republicans are introducing legislation "that ties important spending cuts and pro growth reforms to a debt limit increase."

    Those reforms include delaying parts of Obamacare for a year, tax reforms and provisions to reduce energy costs, House Majority Leader Eric Cantor, R-Va., said. More specifically, the plan reportedly includes provisions that address the development of the Keystone XL pipeline, EPA carbon regulations, coal ash regulations, parts of the Dodd Frank Act and more.

    Senate votes unanimously to move forward on spending bill
    Constant deadlines create crisis mode in Congress

    Treasury Secretary Jack Lew has warned Congress that if the U.S. doesn't raise the debt limit -- its legal borrowing authority -- by Oct. 17, the U.S. will no longer be able to borrow enough money to pay its bills.

    President Obama has repeatedly said he refuses to negotiate over the debt limit given the potentially dire consequences of failing to raise it. In the worst case scenario, the U.S. could default on its loans. In 2011, the stock market fell 2,000 points and the United States' credit rating was lowered because of the mere threat of a default.

    "This is the United States of America, we're not a deadbeat nation, we don't run out on our tab," Mr. Obama said at an event in Maryland Thursday. "We are the world's bedrock economy, the world's currency of choice. The entire world looks to us to make sure the world economy is stable. You don't mess with that. That's why I will not negotiate on anything when it comes to the full faith and credit of the United States of America."

    Doug E

 
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