House Republicans To Offer Debt Ceiling Deal

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

House Republican leaders are planning to offer a temporary increase in the nation’s debt ceiling in return for President Obama entering into negotiations for what the lawmakers describe as “pressing problems.”

However, the Republican lawmakers did not offer an end to the government shutdown.

“What we want to do is offer the president today the ability to move a temporary increase in the debt ceiling,” House Speaker John Boehner told reporters after a meeting of House Republicans. He called the deal “good-faith effort on our part to move halfway to what he’s demanded in order to have these conversations begin.”

The deal would extend suspend the debt limit until the Friday before Thanksgiving and creates what economists call a “Hard X date” meaning no “extraordinary measures” can be used by the Treasury Secretary to extend his borrowing authority past that date.

Insiders say the move was aimed to calm the stock markets and the plan seems to be working at stocks were up in early trading.

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