News

Republicans ignore Obama’s veto threat on spending bill

Republicans ignore Obama’s veto threat on spending bill

Speaker of the House John Boehner, R-Ohio, talks to reporters about the deadline to fund the government and the fight among House Republicans, on Capitol Hill in Washington, Thursday, Sept. 19, 2013. House Republicans vowed Wednesday to pass legislation that would prevent a partial government shutdown and avoid a default while simultaneously canceling out President Barack Obama's health care overhaul, inaugurating a new round of political brinkmanship as critical deadlines approach. Photo: Reuters/AP Photo/J. Scott Applewhite

By Richard Cowan

WASHINGTON (Reuters) – Republicans in the House of Representatives on Thursday plowed ahead with a bill to gut President Barack Obama’s healthcare law while temporarily funding other government programs, ignoring a warning from the White House that the measure would be vetoed.

The bill, which would keep the government running through December 15 and avert shutdowns with the start of the new fiscal year on October 1, faced its first test vote in the House on Thursday with passage of the measure expected on Friday.

“We’ll deliver a big victory in the House tomorrow,” a confident House Speaker John Boehner told reporters.

The administration wasted no time in formally announcing that it would not allow rebellious House Republicans to destroy the “Obamacare” healthcare law by denying funds.

In a terse statement, the White House said the House bill would be vetoed “because it advances a narrow ideological agenda that threatens our economy and the interests of the middle class.” The statement went on to say that “millions of hard-working middle class families” would be denied affordable health coverage.

This is the latest round in a series of battles Obama faces with Congress over the next few months in what has become an unending standoff over running Washington’s most basic operations, from the FBI and national parks to education and military programs.

And the December 15 cut-off date for the funding measure guarantees yet another struggle around Christmas time.

Besides the spending bill, Congress and the White House have to either agree in October or early November on a measure to increase U.S. borrowing authority or plunge the nation into a first-ever credit default.

In 2011, as Republicans and Democrats fought over these two same issues, U.S. financial markets swooned because of all the uncertainty created by Washington’s inability to work together.

Between July 7 and August 9 of that year, the Dow Jones Industrial Average blue-chip stocks plummeted 2,150 points, or 16.9 percent.

‘Stealth debt limit’ hike

The Republican bill is expected to attract no Democratic support and even some conservative opposition.

For example, Republican Representative Thomas Massie of Kentucky told Reuters that he planned to vote against the measure because “it’s a stealth debt limit increase.”

Massie was referring to a provision of the bill that would instruct the Treasury Department to pay bondholders and Social Security retirement benefits even if Congress fails to increase the government’s $16.7 trillion borrowing cap that will soon be breached.

Assuming the House passes the Republican-backed bill to defund Obamacare and provide temporary government funds, it will be significantly altered by the Democratic Senate next week.

Democrats in that chamber plan to delete the House’s Obamacare provision and send the temporary spending bill back to the House for passage before the September 30 deadline when the current fiscal year ends.

Senate Democrats believe that more than a dozen Republicans in that chamber could back them since they are on record opposing linking Obamacare to keeping the government open. Some of those Republicans have described their House colleagues’ ploy as “foolish,” a “silly effort” and “the dumbest idea I’ve ever heard.”

If the Senate kills the Obamacare defunding proposal and sends the House a basic temporary spending bill, Boehner and House Democratic leader Nancy Pelosi will then each face difficult decisions.

Since many House Republicans are expected to vote against final passage of the stripped-down measure, Boehner might have to decide whether to rely on significant Democratic support to win passage, a politically difficult move.

For Pelosi, the question will be whether to throw her weight behind a bill that continues deep, across-the-board spending cuts that Democrats want to end.

Many inside and outside of Congress are guessing that both leaders will hold their noses, keeping in mind that the alternative, an October 1 government shutdown, is not an option.

Recent Headlines

in Music

James Brown biopic revels in drama and dance moves

This image released by Universal Pictures shows Chadwick Boseman, right, and Dan Aykroyd in a scene from "Get On Up."

Chadwick Boseman nails Brown's singular mannerisms and raspy voice in the new biopic "Get On Up."

in Music

Ne-Yo opens up about new romance

Ne-Yo

Ne-Yo has gone public with his new romance with video vixen and model Crystal Renay.

in Music

Lady Gaga and Tony Bennett celebrate collaboration with concert

Recording artists Lady Gaga, left, and Tony Bennett, attend a Tony Bennett and Lady Gaga concert taping on Monday, July 28, 2014, in New York.

Lady Gaga and Tony Bennett performed tracks from their jazz collaboration Cheek to Cheek ahead of its long-awaited release.

in Entertainment

Jamie Foxx to portray Mike Tyson in biopic

Actor Jamie Foxx poses for a portrait at the Crosby Street Hotel, in promotion of his upcoming role in "The Amazing Spider-Man 2," on Sunday, April 27, 2014 in New York.

Jamie Foxx is set to portray boxing legend Mike Tyson in a movie after five years of preparation for the role.

in Entertainment

Kiefer Sutherland confused by Freddie Prinze, Jr. blast

Prinze Jr Sutherland

Kiefer Sutherland has been left baffled by former 24 co-star Freddie Prinze, Jr.'s public attack on the star's professionalism.