NYT: Obama Rejects House GOP’s Debt-Limit Proposal

AP

President Obama has rejected the House GOP’s proposal for a temporary debt-limit increase in exchange for budget negotiations because it didn’t include a plan to re-open the government, according to the New York Times.

The report came shortly after Obama’s meeting with House Republicans ended Thursday. House Speaker John Boehner didn’t speak to reporters after the meeting.

Update: A House GOP leadership aide told TPM that President Obama did not outright reject their offer for a temporary debt-limit increase in exchange for budget negotiations.

Update: The Times story walked back the White House rejection, saying instead, “President Obama and House Republicans failed to reach agreement on a six-week extension of the nation’s borrowing authority during a meeting Thursday at the White House, but both sides agreed to keep talking and the Republican offer was seen as a first step toward ending the budget standoff.”

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