President Obama Demands Debt Limit Plan by Weeks End - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

President Obama Demands Debt Limit Plan by Weeks End

WASHINGTON (AP) - President Barack Obama is demanding that budget negotiators find common ground on a debt-limit plan by week's end.

Obama will meet again with congressional leaders today. Yesterday, House Majority Leader Eric Cantor urged Obama to accept a short increase in debt rather than a longer one. According to people who were there, Obama then declared "enough is enough."

Senate Majority Leader Harry Reid says Cantor should not be part of the debt limit negotiations. He's calling the Virginia Republican congressman "childish."

Reid says Cantor's conduct during the sensitive White House talks have shown, in Reid's words, "he shouldn't even be at the table." Reid says other congressional leaders are negotiating in good faith as an Aug. 2 deadline approaches for raising the debt

limit. That's when the Obama administration says the government would begin defaulting if no agreement is reached to raise the borrowing limit. Leaders of both parties and the business world have said that a default would be catastrophic.

  • News HeadlinesNewsMore>>

  • Afghan officials: 100 casualties in Afghanistan attack

    Afghan officials: 100 casualties in Afghanistan attack

    Sunday, April 23 2017 9:51 AM EDT2017-04-23 13:51:48 GMT
    Sunday, April 23 2017 9:51 AM EDT2017-04-23 13:51:48 GMT

    An Afghan official says more than 100 army personnel have been killed or wounded after gunmen wearing army uniforms stormed a military compound in Balkh province.

    An Afghan official says more than 100 army personnel have been killed or wounded after gunmen wearing army uniforms stormed a military compound in Balkh province.

  • Advocates fan out in global show of support for science

    Advocates fan out in global show of support for science

    Sunday, April 23 2017 9:32 AM EDT2017-04-23 13:32:29 GMT
    Sunday, April 23 2017 9:32 AM EDT2017-04-23 13:32:29 GMT

    Thousands of people are expected to attend March for Science events around the world to promote the understanding of science as well as defending it from various attacks, including U.S. government budget cuts.

    Thousands of people are expected to attend March for Science events around the world to promote the understanding of science as well as defending it from various attacks, including U.S. government budget cuts.

  • Trump says he will release tax reform package next week

    Trump says he will release tax reform package next week

    Sunday, April 23 2017 9:01 AM EDT2017-04-23 13:01:54 GMT
    Sunday, April 23 2017 9:01 AM EDT2017-04-23 13:01:54 GMT

    President Donald Trump says businesses and individuals will receive a "massive tax cut" under a tax reform package he plans to unveil next week.

    President Donald Trump says businesses and individuals will receive a "massive tax cut" under a tax reform package he plans to unveil next week.

Powered by Frankly