10 Oct 2013
The US short-term life-safer for a long-term crisis
FXstreet.com (Chicago) – Days away from the hard deadline to agree on the US debt-ceiling issue and amid a paralyzed Washington, politicians seem to be willing to postpone the talking for later and replace it for some action before the whole country drowns on a potential debt default.
Democrats and Republicans divided
Lingering rumors affirm the reds’ last choice is to accept a short-term debt limit increase to gain some time before continuing negotiations with democrats. Aiming to prevent default and consequent downgrade as announced by external organizations yesterday, House Republicans are said to be ready for a 4-week or 6-week debt extension.
Republican Rom Price of Georgia said on earlier statements that “"We [Republicans] aren't going to solve the long-term challenges in a week, so if there's a solution to this ... it's a negotiated agreement to have a short-term debt-limit extension that gives the time to be able to solve the long-term challenges."
…Now republicans divided?
However, although the intention is present, the odds of the bill passing are quite unrealistic according to other conservative members who refused to make their announcements public to prevent polarization within the party as summarized by one GOP lawmaker “That’s never going to happen” in reference to giving in to a democratic vote.
Boehner is expected to meet republican leaders tomorrow. It rests to see whether the rumors are true or not, keep calm and carry on.
Democrats and Republicans divided
Lingering rumors affirm the reds’ last choice is to accept a short-term debt limit increase to gain some time before continuing negotiations with democrats. Aiming to prevent default and consequent downgrade as announced by external organizations yesterday, House Republicans are said to be ready for a 4-week or 6-week debt extension.
Republican Rom Price of Georgia said on earlier statements that “"We [Republicans] aren't going to solve the long-term challenges in a week, so if there's a solution to this ... it's a negotiated agreement to have a short-term debt-limit extension that gives the time to be able to solve the long-term challenges."
…Now republicans divided?
However, although the intention is present, the odds of the bill passing are quite unrealistic according to other conservative members who refused to make their announcements public to prevent polarization within the party as summarized by one GOP lawmaker “That’s never going to happen” in reference to giving in to a democratic vote.
Boehner is expected to meet republican leaders tomorrow. It rests to see whether the rumors are true or not, keep calm and carry on.