In 2011, Treasury Secretary Tim Geithner was instrumental in guiding
President Obama away from rejecting a deal with Republicans on
increasing the debt limit. Geithner was almost alone, the adult in White
House discussions on handling GOP demands. The president and his other
advisers had political and ideological misgivings about a deal.
Geithner’s concern was bigger. He feared an economic collapse.
In February, Obama and Republicans will face a new struggle over the debt limit. The president says he won’t trade spending cuts for an agreement to raise the limit, as he did two years ago at Geithner’s insistence. Indeed, he says he won’t negotiate with Republicans, nor will his aides. He’s stamped his foot and laid down the law. No deal.
Read more: http://www.weeklystandard.com/articles/obama-s-second-term-plan_695222.html
In February, Obama and Republicans will face a new struggle over the debt limit. The president says he won’t trade spending cuts for an agreement to raise the limit, as he did two years ago at Geithner’s insistence. Indeed, he says he won’t negotiate with Republicans, nor will his aides. He’s stamped his foot and laid down the law. No deal.
Read more: http://www.weeklystandard.com/articles/obama-s-second-term-plan_695222.html
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