The Ottumwa Courier

AP National

October 7, 2013

White House open to short-term hike in debt limit

(Continued)

Lew has warned that the budget brinkmanship was "playing with fire" and implored Congress to pass legislation to re-open the government and increase the nation's debt limit.

The shutdown has pushed hundreds of thousands of workers off the job, closed national parks and museums and stopped an array of government services.

The one bright spot on Monday is a significant chunk of the furloughed federal workforce is headed back to work. Defense Secretary Chuck Hagel ordered nearly 350,000 back on the job, basing his decision on a Pentagon interpretation of a law called the Pay Our Military Act.

Those who remain at home or are working without paychecks are a step closer to getting back pay once the partial government shutdown ends. The Senate could act this week on the measure that passed the House unanimously on Saturday.

Democrats insist that Republicans could easily open the government if Boehner simply allows a vote on the emergency spending bill. Democrats argue that their 200 members in the House plus close to two dozen pragmatic Republicans would back a so-called clean bill, but the Speaker remains hamstrung by his tea party-strong GOP caucus.

"Let me issue him a friendly challenge. Put it on the floor Monday or Tuesday. I would bet there are the votes to pass it," said Sen. Chuck Schumer, D-N.Y.

In a series of Sunday television appearances, Lew said that while Treasury expects to have $30 billion of cash on hand on Oct. 17, that money will be quickly exhausted in paying incoming bills given that the government's payments can run up to $60 billion on a single day.

Treasury issued a report on Thursday detailing in stark terms what could happen if the government actually defaulted on its obligations to service the national debt.

"A default would be unprecedented and has the potential to be catastrophic," the Treasury report said. "Credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world."

Text Only
AP National
  • Analysis: Clinton impeachment shadows GOP lawsuit WASHINGTON (AP) — The last time Republicans unleashed impeachment proceedings against a Democratic president, they lost five House seats in an election they seemed primed to win handily. Memories of Bill Clinton and the campaign of 1998 may help expl

    July 28, 2014

  • After six weeks, finally a deal on VA health care WASHINGTON (AP) — A bipartisan deal to improve veterans health care would authorize at least $15 billion in emergency spending to fix a veterans health program scandalized by long patient wait times and falsified records covering up delays. Congressi

    July 28, 2014

  • US: Russia has fired rockets into Ukraine WASHINGTON (AP) — Stepping up pressure on Moscow, the U.S. on Sunday released satellite images it says show that rockets have been fired from Russia into neighboring eastern Ukraine and that heavy artillery for separatists has crossed the border. The

    July 28, 2014

  • Trial opening over video of Oklahoma City bombing OKLAHOMA CITY (AP) — A Salt Lake City attorney is arguing in a lawsuit that the FBI has video of the Oklahoma City bombing that shows a second person was involved. The case is at the heart of Jesse Trentadue's quest to explain his brother's mysteriou

    July 28, 2014

  • Aid Group: Two Americans have Ebola in Liberia BOONE, N.C. (AP) — Two American aid workers have tested positive for the Ebola virus while working to combat an outbreak of the deadly disease at a hospital in Liberia, a relief group official said. Ken Isaacs, a vice president of Samaritan's Purse,

    July 28, 2014

  • Air travel a leap of faith for passengers WASHINGTON (AP) — Airline travel requires passengers to make a leap of faith, entrusting their lives to pilots, airlines, air traffic controllers and others who regulate air travel. Even after a week of multiple tragedies in worldwide aviation, "Ther

    July 25, 2014

  • Pot may be legal, but homeowner agreements can ban DENVER (AP) — Pot may be legal in some states — but the neighbors don't have to like it. Marijuana and hemp have joined wacky paint colors and unsightly fences as common neighborhood disputes facing homeowners' associations. Though a few HOAs have wi

    July 25, 2014

  • Central American leaders convening at White House WASHINGTON (AP) — President Barack Obama will urge Central American leaders to help slow the influx of unaccompanied children fleeing their countries for the United States, even as Congress remains deeply divided over proposals to stem the crisis at

    July 25, 2014

  • Little sunlight as Obama raises super PAC dollars WASHINGTON (AP) — For years President Barack Obama railed against the surge of unlimited spending flowing into American political campaigns, arguing that average voters were being shut out of a secretive system that lets special interests bankroll el

    July 25, 2014

  • Prosecutor: Man faces charges in hospital shooting DARBY, Pa. (AP) — A man who authorities say fatally shot a caseworker at a hospital complex near Philadelphia and was then shot by his psychiatrist remains listed in critical condition. District Attorney Jack Whelan said Richard Plotts would be arrai

    July 25, 2014

Obituaries
Record
Facebook
AP National