The US senate is warming up for a fiscal fight this Friday. If lawmakers fail to approve a funding extension, the federal government will shut down on October 1st. If they do not raise the debt limit, they risk a default on October 17.
The main sticking point is the President’s affordable healthcare scheme, otherwise known as obamacare. Republicans are refusing to sign off on spending increases unless Obama’s signature healthcare plan is axed. However, the President remained defiant.
“Some have threatened a government shutdown if they can’t shut down this law. Others have actually threatened an economic shutdown by refusing to pay America’s bills if they can’t delay the law. That’s not going to happen as long as I’m president.”
A major part of Obamacare will be activated on October 1, Republicans see this as their last chance to kill off the programme. Mitch McConnell, Senate Republican leader called on the Democrats to join their cause.
“So, this law’s a mess. It needs to go. It’s way passed time to start over. And as I’ve been saying all week, we just need five brave Democrats to join us to make that happen.”
Democrats have been scathing over Republicans holding the country’s economy to ransom over healthcare.
The Senate will vote Friday to extend spending through to November, but the law must pass the House of Representatives and Republicans may take the battle to the brink.