House Speaker John Boehner (R-Ohio) announced Thursday a deal that would extend the nation’s borrowing limit by six weeks – but it won't include any provisions to defund Obamacare.
Speaker of the House John Boehner (R-Ohio) speaks with members of the House Republican leadership during a press conference at the U.S. Capitol following a meeting of the House Republican conference October 10, 2013 in Washington, D.C. (Getty Images)
"It gets us down the road a little bit so they can continue to talk," Rep. Tim Griffin (R-Ark.) said after Boehner revealed his latest plan during a closed-door meeting with House Republicans.
The proposal, should President Barack Obama and Senate Democrats accept it, will help the Treasury Department avoid defaulting on its payments, but it’s uncertain whether it’ll bring the partial government shutdown to a close.
Obama has repeatedly said he would not negotiate with Republicans until they agree to “remove the threat of default” and “end this harmful government shutdown.” The president has also said that he would not negotiate on any deal that includes language he doesn’t approve of, especially if that language chips away at the Affordable Care Act, his signature health care law.
But even though Boehner’s plan doesn’t directly address ending the shutdown, his no-strings attached proposal to extend the government’s borrowing limit through Nov. 22 may be the thing to bring Obama to the table.
By extending the limit by six weeks, Boehner has put forward a plan to avoid a debt-ceiling breach – something Obama has repeatedly said he doesn’t want.
Some Republican lawmakers have praised the plan, saying it may be the thing to end at least some of Washington’s gridlock
The six-week extension would provide "an opportunity to bring the parties together,” Rep. Robert Pittinger (R-N.C.) said.
Of course, others aren’t too keen on the idea.
“I'm not very enthusiastic about that," Rep. Steve King (R-Iowa) said.
Boehner’s plan also calls for special negotiators to meet with leaders from the Democrat-controlled Senate to hammer out a budget compromise. Those talks have been on hold for most of the year.
Boehner and a delegation of Republican lawmakers will meet with President Obama later Thursday to discuss the new plan.
While some might not be happy about the speaker's approach, Keith Koffler of the White House Dossier believes there are some tactical advantages to it.
“It amounts to a cave by Obama, because now he will be doing what he said he wouldn’t – negotiating with a gun to his head. Yet it allows him a face saving way out and avoids a possible breach of the debt ceiling for now and all the adverse consequences that would eventually occur,” Koffler wrote. “The pressure will remain on the president just as it was before, except now he will be negotiating. Conservatives and Sen. Ted Cruz (R-Texas), who have been repeatedly ridiculed and attacked for their tactics, will get results and have the last laugh."
"It’s a vindication of the strategy. President Obama has repeatedly shown he doesn’t agree to anything serious unless under threat. Now, by around Thanksgiving Day, he will make concessions,” he concluded.
Markets reacted to the news with positive glee, hoping a debt ceiling breach will be avoided:
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