If GOP candidate Mitt Romney wins the White House, he is likely to
face as much of a challenge as President Barack Obama did in persuading
conservative Republicans to raise the debt ceiling and avoid a
government default.
The Treasury Department reiterated earlier this week that the government will hit its current debt limit before the end of the year but can use the same “extraordinary measures” it employed in the protracted debt ceiling fight in 2011 to postpone potential default until early next year. With some House Republicans resisting a push to deal with the debt limit during the lame-duck session, the window for action will be small for whoever is inaugurated
Jan. 20.
Despite being the leader of his party, a President Romney could face just as much resistance from House conservatives as did Obama two summers ago.
“Frankly, I don’t see any scenario under which House Republicans agree to raise the debt ceiling in the lame duck, for the very reason that there haven’t been more cuts since the last time the debt ceiling was raised,” one top conservative Republican aide said. “After we’re out of a lame-duck and we’re in a Romney presidency, maybe tempers cool a little bit, but I think you still see a similar dynamic: Where are the cuts?”
And there still appear to be plenty of GOP members who may be willing to risk default to secure large cuts in government spending.
“There were enough who didn’t believe we’d default last time. They won’t believe it this time,” the aide added.
Read more: http://www.rollcall.com/news/Under-Romney-or-Obama-GOP-Still-Balks-at-Debt-Limit-Increase-218651-1.html?pos=hftxt
The Treasury Department reiterated earlier this week that the government will hit its current debt limit before the end of the year but can use the same “extraordinary measures” it employed in the protracted debt ceiling fight in 2011 to postpone potential default until early next year. With some House Republicans resisting a push to deal with the debt limit during the lame-duck session, the window for action will be small for whoever is inaugurated
Jan. 20.
Despite being the leader of his party, a President Romney could face just as much resistance from House conservatives as did Obama two summers ago.
“Frankly, I don’t see any scenario under which House Republicans agree to raise the debt ceiling in the lame duck, for the very reason that there haven’t been more cuts since the last time the debt ceiling was raised,” one top conservative Republican aide said. “After we’re out of a lame-duck and we’re in a Romney presidency, maybe tempers cool a little bit, but I think you still see a similar dynamic: Where are the cuts?”
And there still appear to be plenty of GOP members who may be willing to risk default to secure large cuts in government spending.
“There were enough who didn’t believe we’d default last time. They won’t believe it this time,” the aide added.
Read more: http://www.rollcall.com/news/Under-Romney-or-Obama-GOP-Still-Balks-at-Debt-Limit-Increase-218651-1.html?pos=hftxt
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