The Syracuse community has joined the remainder of the nation with extreme tensions over the possible financial default of the government. FoxNews.com has written a report in association with the Associated Press, “Democrats, GOP Disagree on Whether a Debt-Limit Deal Is Near”.
It has been reported that congressional Republican and Democratic leaders can not even agree on whether a deal to end the debt crisis is close with the nation close to facing its first-ever financial default. But, House Speaker John Boehner and Senate Republican leader Mitch McConnell have said that they are confident they can reach a deal with the White House to raise the nation’s $14.3 trillion debt limit in order to allow the government to continue to pay all of its bills.
McConnell has said “Our country is not going to default for the first time in history. We now have a level of seriousness with the right people at the table. ….We’re going to get a result.” Boehner has also said he is confident of an agreement with the White House “to end this impasse.” However, Senate Majority Leader Harry Reid does not feel as confident about this and has commented “Republican leaders still refuse to negotiate in good faith.” Reid says they still refuse to consider including new revenues in any deal and that they only want to cut entitlement programs. Reid went on to comment Republican leaders “should know that merely saying you have an agreement in front of television cameras doesn’t make it so.”
McConnell continues to say he’s more optimistic than Reid but that the only way to get to an agreement before Tuesday’s deadline for default is through the president. McConnell has said “We need to be in a position where all of us in the leadership can come back here and say that we think we reached a framework of an agreement that we can recommend to our members. So that’s what I’m working on and I’m not interested in scoring any political points. I’m interested in getting an outcome for the American people. And the only way that can be done is with the president of the United States.”
President Obama has commented “There is very little time,” as he called for an end to political gamesmanship, and went on to say “the time for compromise on behalf of the American people is now.” Meantime Wall Street investors have been feeling the heat from the possible default of the government as investors lost hundreds of billions of dollars as the markets fell every day last week. And so there is intense pressure for the Democrats and Republicans to come up with an accord before the opening bell on Monday morning with it appears only the terrorists pleased the US government may go into default.
Mandel News Service