AGRIBUSINESS: Deadlock In Congress

Friday was the fourth day of the government shutdown, and lawmakers started debates on the debt ceiling deadline.

House speaker John Boehner indicated he will act to raise the federal debt limit even if that requires Democrat votes.  However, he tells Republicans that he will not allow a vote on a spending bill that does not end or delay the Patient Protection and Affordable Care Act.

President Obama calls the government shutdown reckless, but says an economic shutdown resulting from a default would be worse.

Obama says Congress has to pass a budget that funds the government without partisan strings attached.  To avoid default, Congress must raise the $16.7 trillion debt ceiling before October 17th.

Filed in: Agribusiness


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