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House conservative leaders - too late to stop debt ceiling hike
Source: Reuters
Politics | Mon Oct 26, 2015 6:21pm EDT
Exclusive: House conservative leaders - too late to stop debt ceiling hike
WASHINGTON | BY DAVID LAWDER
Leaders of the U.S. House of Representatives' most influential conservative group told Reuters on Monday it was too late to stop an extension of the federal debt ceiling this week, but they will not hold it against the expected next House Speaker, Paul Ryan.
Representatives Mark Meadows, Jim Jordan and Mick Mulvaney, founders of the hard-right Freedom Caucus, told Reuters in an interview that there was not enough time for House Republicans to rally around a list of demands for raising the $18.1 trillion U.S. borrowing limit.
Outgoing House Speaker John Boehner is working with Democratic and Republican congressional leaders to finalize terms of an extension of federal borrowing authority through March 2017 along with a $112 billion deal to ease military and domestic spending caps for two years, according to House and Senate aides and lawmakers.
"To make any kind of meaningful longer-term strategy ... I think it is too late," Meadows said of the current Nov. 3 deadline to lift the debt limit. "So I don't see that as something that happens this time, but I do see that potentially in all future debt ceiling negotiations."
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Exclusive: House conservative leaders - too late to stop debt ceiling hike
WASHINGTON | BY DAVID LAWDER
Leaders of the U.S. House of Representatives' most influential conservative group told Reuters on Monday it was too late to stop an extension of the federal debt ceiling this week, but they will not hold it against the expected next House Speaker, Paul Ryan.
Representatives Mark Meadows, Jim Jordan and Mick Mulvaney, founders of the hard-right Freedom Caucus, told Reuters in an interview that there was not enough time for House Republicans to rally around a list of demands for raising the $18.1 trillion U.S. borrowing limit.
Outgoing House Speaker John Boehner is working with Democratic and Republican congressional leaders to finalize terms of an extension of federal borrowing authority through March 2017 along with a $112 billion deal to ease military and domestic spending caps for two years, according to House and Senate aides and lawmakers.
"To make any kind of meaningful longer-term strategy ... I think it is too late," Meadows said of the current Nov. 3 deadline to lift the debt limit. "So I don't see that as something that happens this time, but I do see that potentially in all future debt ceiling negotiations."
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Read more: http://www.reuters.com/article/2015/10/26/us-usa-congress-freedom-debt-idUSKCN0SK2R520151026
