NY Times: Obama rejects House Republican "borrowing authority" proposal

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Web Editor - Mason Stevenson

WASHINGTON - Rejected.  President Obama has turned down a House Republican proposal that would "extend the nation's borrowing authority for six weeks," The New York Times reports.  The reason?  It would not reopen the government.

Speaker John Boehner and a group of Republicans went to The White House Thursday to extend the offer to the President.  If he accepted, President Obama would have to commit to negotiating a "deal for a long term deficit reduction and a tax overhaul."

After the rejection, the Speaker and his group left and did not speak to reporters.

The paper reports the House might vote on the proposal by Friday, but Democrats aren't sure it will pass.
 

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