WAMU 88.5 : News

The Hill's Alex Bolton: Obama To Meet With House On Debt Ceiling

Play associated audio

"[The] bottom line is he knows that he cannot get this debt ceiling increased without a bipartisan agreement," Bolton says. "Basically the point of this is to give them the chance to hear their points of views, to allow them to talk about what's on their mind, to get their concerns off their chest, so that the negotiations over the next couple months will be more productive."

Bolton says Republicans are expected to ask for significant cuts in exchange for raising the debt ceiling. He says they'll want Medicare on the table for cuts and tax increases off the table. Tuesday, House Republicans voted against their own proposal for a $2.4 trillion increase in the nation's debt limit. The Associated Press reports that the vote was a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing.

When Obama meets with Democrats, he's expected to continue with the message he gave Senate Democrats earlier in May: It's important for Democrats to stay unified. Also, Bolton says the president is expected to tell them not to "stake out any hard positions because it'll make a deal very hard to come by."

Bolton says market analysts he spoke with "expect political theater," but markets don't expect there to be a default and "there's no signs of panic yet."

Internationally, Bolton says high-level officials in China have "pushed the U.S. to clean up its fiscal situation," and the country's vice finance minister has endorsed Obama's plan to reduce the deficit by $4 trillion in the next 12 years.

NPR

Writer James Alan McPherson, Winner Of Pulitzer, MacArthur And Guggenheim, Dies At 72

McPherson, the first African-American to win the Pulitzer Prize for fiction, has died at 72. His work explored the intersection of white and black lives with deftness, subtlety and wry humor.
NPR

QUIZ: How Much Do You Know About Presidents And Food?

It's week two of the party conventions, and all these speeches are making us hungry. So we made a quiz to test your savvy about presidents and our favorite topic, food.
NPR

WATCH: Albright Says It's 'Almost Too Hard To Express' Excitement Over Clinton

"I think she is brilliant and ... she's not a diva at all. She works very hard," Albright told NPR's Rachel Martin.
NPR

Police Use Fingertip Replicas To Unlock A Murder Victim's Phone

Michigan State University engineers tried 3-D-printed fingertips and special conductive replicas of the victim's fingerprints to crack the biometric lock on his Samsung Galaxy phone.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.