House Republicans have moved the nation closer to a potential government shutdown. On Wednesday, House Speaker John Boehner vowed to hold a new vote tying money for federal agencies to the defunding of “Obamacare.”
House Speaker John Boehner: “We’re going to continue to do everything we can to repeal the president’s failed healthcare law. This week, the House will pass a CR [continuing resolution] that locks the sequester savings in and defunds 'Obamacare.'”
The Republican move would tie two-and-a-half months of government funding after October 1 to the stripping of all funds for the healthcare law. The House will hold its vote on Friday. If Democrats and Republicans cannot come to an agreement by September 30, almost every federal agency will at least be partially shut down. Boehner also says he will seek a one-year delay of “Obamacare” when the House takes up the federal borrowing limit next week. The United States is facing a deadline of around mid-October to extend the Treasury’s borrowing limit or default on its debts. On Wednesday, President Obama accused Republicans of extortion by using the threat of economic disaster.
President Obama: “You have never seen in the history of the United States the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and have nothing to do with the debt.”