Obama, Boehner trade barbs, hints of compromise

Obama, Boehner trade barbs, hints of compromise

By DAVID ESPO | Associated Press – 2 hrs 37 mins ago

House Speaker John Boehner of Ohio speaks about the ongoing budget battle, Tuesday, Oct. 8, 2013, outside his office on Capitol Hill in Washington, Tuesday, Oct. 8, 2013. President Barack Obama stepped up pressure Tuesday on Borehner to hold votes to reopen the federal government and prevent a potentially disastrous U.S. government default. Obama spoke to reporters at the White House a few hours after calling Boehner and urging him to drop demands that the votes be tied to Republican demands for dismantling Obama's health care law and cutting federal spending. (AP Photo/ Evan Vucci)Associated Press/ Evan Vucci – House Speaker John Boehner of Ohio speaks about the ongoing budget battle, Tuesday, Oct. 8, 2013, outside his office on Capitol Hill in Washington, Tuesday, Oct. 8, 2013. President …more 

WASHINGTON (AP) — President Barack Obama and House Speaker John Boehner offered hints of possible compromise but also traded heated rhetoric Tuesday, a frustratingly inconclusive combination that left the eight-day partial government shutdown firmly in place and the threat of an unprecedented national default drawing closer.

“There’s a crack there,” Boehner said of the impasse near the end of a day of maneuvering at the White House and the Capitol. Yet the Ohio Republican added that it was not enough to warrant optimism.

Stocks fell significantly — the Dow Jones average by 159 points — as political gridlock endured. And, in the latest in a string of dire warnings, the International Monetary Fund said failure to raise America’s debt limit could lead to default and disrupt worldwide financial markets, raise interest rates and push the U.S economy back into recession. Continue reading “Obama, Boehner trade barbs, hints of compromise”