Major fiscal fights remain for the coming session and President Barack Obama has signaled his unwillingness to put Americans through another drawn-out battle over the nation’s debt limit, which Congress will vote on this term.
“While I will negotiate over many things, I will not have another debate with this Congress over whether or not they should pay the bills that they’ve already racked up through the laws that they passed,” the president said late Tuesday night after the fiscal cliff compromise.
The nation hit the debt ceiling limit on Monday.
Republicans have pushed back against raising the debt limit in past years, and this time around they’re expected to use the fiscal cliff negotiations as leverage to press Democrats to compromise on spending cuts.
Congress will also be pushed in the coming session to address the deficit reduction and other fiscal measures the fiscal cliff deal failed to include.”
- Obama Warns GOP On Debt Ceiling: We ‘Cannot Afford That Dangerous Game Again’ (businessinsider.com)
- President vows not to negotiate on debt ceiling (news.yahoo.com)
- Pelosi on Raising Debt Ceiling Unilaterally: ‘I Would Do It in a Second, But I’m Not the President’ (cnsnews.com)
- Obama: Not Playing This Debt Ceiling Game Again (txwclp.org)
- Obama: ‘I Will Not Have Another Debate’ Over Debt Ceiling (huffingtonpost.com)
- Pat Toomey to Republicans: Prepare to shut down government over the debt ceiling (rawstory.com)
- Obama Warns Debt Ceiling Fight Could Be ‘Catastrophic’ (news.yahoo.com)
- Bob Corker: Debt Ceiling Is Republicans’ Leverage In Fiscal Talks (huffingtonpost.com)
- McConnell Takes Taxes Off Table in Debt Limit Negotiations (bloomberg.com)