WASHINGTON — House Republicans said President Obama asked them to revise their proposal for a six-week increase in the nation’s $16.7 trillion debt ceiling. The plan is intended to avoid a first-ever U.S. default on debts.
The White House had indicated earlier Thursday that Obama might be able to accept a short-term debt-limit extension. But House Republicans emerged from a meeting with with the president indicating that more negotiations were still necessary.
House Budget Committee chairman Paul Ryan, R-Wis., told reporters, “The president didn’t say yes, didn’t say no. We’re continuing to negotiate this evening.” Majority Leader Eric Cantor, R-Va., said “We had a very useful meeting and we expect further conversations tonight.”
House Appropriations Chairman Hal Rogers, R-Ky., said the president is seeking more progress on a stopgap spending bill as part of the debt limit negotiations. “I think it’s clear that he would like to have the shutdown stopped and that would require a [continuing resolution] and we’re trying to find out what it is he would insist upon in a CR and what we would insist upon in a CR,” Rogers said. He said staff was working late Thursday on possible negotiations on a stopgap spending bill that could reopen government. “The resolution was we had a good, frank discussion, clarifying issues on both sides,” Rogers said. “We’re trying to find if there is a way to quickly settle the CR questions, so that we can pass a CR and stop the shutdown.”
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