Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

Treasury secretary warns Congress: "Nothing good" will come of failure to raise ...

The president said he won't negotiate on the continuing resolution and now he said he won't negotiate on the debt. Once reported, our staff will be notified and the comment will be reviewed.

New Look. Lew argued the heart of the problem isn't "the president's willingness to negotiate," as Boehner has suggested - "the problem is we have not yet engaged with Republicans who are willing to put everything on the table."
Spam: Advertisements, commercial links, or repetitive posts
Cornyn suggested the administration remains wary from the near-government shutdown in 2011.
"The president now realizes that Republicans, who were concerned about spending levels, got the better of him on the Budget Control Act, which has actually cut $2 trillion over the next ten years," he said. "Let's remember how we got here: Over the summer a bunch of fairly extreme members of the Republican Party said, 'We're going to use shutting down the government or defaulting our debt as a way to go back and re-argue the Affordable Care Act.' That was a bad decision."

(CBS News) "Nothing good" will come if Congress fails to raise the debt ceiling, Treasury Secretary Jack Lew warned Sunday on "Face the Nation," calling on House Speaker John Boehner, R-Ohio, to "give the majority a chance to vote."

Add your own personal message: (Optional)
Comments (optional):

. Bold new design, faster, simpler ways to navigate the 60 Minutes archives and an expanded classics section!
E-mail this to:

Lindsey Boerma is senior video producer for CBSNews.com.
Off-topic: Commentary unrelated to the storyline
Note: Your e-mail address is used only to let the recipient know who sent the e-mail and in case of transmission error. "And the president realizes that he's going to have to give something in order to get what he wants, and he doesn't want to go there."

"Well then why doesn't he put it on the floor and give it a chance?" Lew asked Sunday. But what he needs to do is roll up his sleeves and get to the table and I'm sure we can get past the impasse on both the continuing resolution, as well as the debt ceiling."

Offensive: Sexually explicit or offensive language
Treasury secretary warns Congress: "Nothing good" will come of failure to raise debt ceiling - CBS News

If you believe this comment is offensive or violates the CBSNews.com Terms of Use, you can report it below (this will not automatically remove the comment). "We rejected the concept of a king, when our country was founded, and created three co-equal branches of government. New Season. 17 deadline to avoid a first-ever default on its click here to read financial obligations. Neither your address nor the recipients's address will be used for any other purpose.

As the United States heads into its second week of a partial government shutdown, Congress now heads toward an Oct.
"The president's got to lead and he's got to do his job," he said. "There's a majority in Congress that I believe is prepared to do the right thing, to open the government and make sure we don't cross over that abyss."


Illegal activities: Promote cracked software, or other illegal content

Your e-mail address:

Lew cautioned Republicans against issuing threats: "What we've seen is these demands, 'Unless I get my way, you know, that we'll bring these terrible consequences of shutdown or default.'"
Boehner has reiterated time and again that his chamber doesn't have the votes for the Democrat-proposed "clean" bill, without strings attached like provisions to alter or delay "Obamacare."

But it's President Obama, Senate Minority Whip John Cornyn, R-Texas, argued later on the program, who's been "AWOL" in budget negotiations.


Disruptive posting: Flaming or offending other users

Select type of offense:
"Congress needs to do its job; it needs to open the government up and it needs to make it possible for us to pay our bills on time," Lew said

Don't be the product, buy the product!