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House Republicans back off from fiscal clash with Obama

Former republican leaders, meeting in Virginia Williamsburg, said they were ready to let the U.S. government borrowed money, to keep it completely operation within three months from Obama not to require the immediate cut costs.
On the contrary, the republican control of the house, for higher debt ceiling, democratic leaders of the senate budget plan on April 15, part of the legislation.
And they said, if the senate action isn't taken, congress will not get paid. How to in the practical work, in the current budget law and the constitution sets a limit, in the middle of a long-term change Congressman salary, it is not clear. House republicans hope next week through legislation.
Republican leaders, including house speaker John boehner and majority leader Eric Campbell, "announced the news, the annual WuXuHui in a holiday resort, in Williamsburg, listen to the description of mechanism of public opinion polls in the United States voters standing in the fall.
This is the "wealth cliff" battle in the end of the New Year's day, Obama promises significant budget cuts republicans seek returns to the rich get tax increases, he tried to defeat.
Global stock markets and oil prices rebound, republican leader's statement.
Strategic transfer
Announcement marks an important climbdown for republicans, who have seen their strongest point using in Washington parties spending war debt limit, although consternation, caused the White House, the global financial market and public opinion.
The White House Friday 3 months of delay welcomed the plan, as long as it has no air conditioning, cut costs. Obama said, cut costs of negotiations should be bigger deficit reduction part of the negotiations, and is not bound to the debt limit.
, "White House spokesman jay karni said in a statement:" we are encouraged that there is a sign that congress, republicans might be back down they insisted on our economy hostage extraction slash health care, education and plan the middle class family, rely on.
Adam Jentleson, senate majority leader Harry Reid (Harry Reid) spokesman also said that the republican practice is comforting.
"If the house of representatives passed a clean improve the debt ceiling to avoid default, and allow the United States to meet its current obligations, we will be happy to think about it," he said in a statement.
House democratic leader Nancy pelosi spokesman accept. "The proposal is not exempt from small businesses, the market and the middle class face uncertainty, this is a stunt is not worth the challenges we face and the national debate," drew · ha mill said.
The new republican method of detailed information, resolve the debt ceiling than the political and economic explosive war, is expected to late February and march to the party's early leaders seem less urgent.
The ministry of finance need congress authorized to improve the current $16.4 trillion of U.S. debt between upper limit a February and march a. The debt ceiling last long - for several months or years - depends on the authorization of the loan amount.
Republicans commitment to use occasions for deep cuts in spending Obama and his democratic and some people say that they are willing to push the edge of the breach of contract, if their demands were not met.
And so on speech, but disappeared last Friday.
"Camp said in a statement:" next week, we will authorize 3 months of temporary increase debt ceiling to the senate and house of representatives passed the budget, ".
"In addition, if at this time, the senate and the house of representatives failed to pass a budget, congress will be unable to pay for the people of the United States not to do my job. No budget, no pay."
The statement did not mention, it said, there is no law "different compensation" congress shall come into force after the congressional elections in the United States constitution amendment before 27th.
The plan aims to take action to reduce the deficit. The United States senate failed the nearly four years formal budget resolution, and the house of representatives passed the republican budget, it does not have to take any action.
Kentucky, the senate republican minority leader MaiKangNaiEr said in a statement, he welcomed his democratic rival, pressure, "to prevent the organization to fulfill its most basic duties: through the federal budget.
RETREAT reflection
Appear in Williamsburg conference a key theme is willing to seek more deficit reduction of incremental steps. Not a huge deal, and each fiscal year deadline will be find a chance to save money.
Congress to improve the debt limit after the deadline, facing the March 1 deadline, in order to avoid to be automatic cut costs, and March 27 due funds for government agencies and scheme. Three months of debt limit expansion will add a further in April or may last term.
South Carolina Congressman Mick horse tile, the house of representatives of the most conservative budget hawks one of the members, he said he came to the conclusion that the smaller steps, in the treatment of the present financial crisis of the best path.
Rather than through formal budget, as far as possible to reduce spending, the United States congress has largely depends on the instant gratification no overall plan for a fundamental transformation spending measures, known as continuing resolution, the government has been running.
The senate leaders have said, there is no need to through the budget in the past two years, because in the 2011 level of consumption, more may, in accordance with law enforcement the last major budget agreement.
A house republican leaders assistant said, it is not expected to 3 months of the debt ceiling legislation, will include spending cuts.



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