Friday, August 28th19.8°C
27271
26753

Keystone XL as price for a U.S. debt extension? Republicans appear to back away

WASHINGTON - U.S. Republicans have apparently considered — and rejected — the idea of using a high-stakes fiscal showdown to force the construction of the Keystone XL pipeline.

There had been reports that Republicans in Congress contemplated demanding approval for the pipeline in exchange for their votes to raise the U.S. debt ceiling in the coming weeks — but that they couldn't agree on it, or any other, debt strategy.

The top Republican in the House of Representatives didn't deny those reports today and, in fact, appeared to joke about the fact that his caucus is too divided to come up with a cohesive strategy.

In response to a question about making Keystone his party's bottom line, House Speaker John Boehner quipped: "You know, Mother Theresa is a saint now but... if the Congress wanted to make her a saint and attach that to the debt ceiling, we probably couldn't get (unanimity with) 218 Republican votes. Sorry."

The quip drew laughs, but it raised a pair of serious points.

For starters, there's the threat of global economic chaos if the U.S. defaulted on its debt payments. And there are also deep divisions in the Republican party, between the more moderate brass and conservative grassroots, over how aggressive it should be in the debt fight.

Boehner and other Republican leaders have shown little desire to become embroiled in yet another high-stakes showdown, and there's talk the party might simply allow for a so-called "clean" debt extension without demanding anything in return.

Some had suggested Keystone XL could be an easy issue for all Republicans to rally around, and extract a political gain during the debt fight. However, Boehner's remarks today suggest not even that would unite his caucus.

The Obama administration has insisted the pipeline regulatory process is apolitical, and has urged its foes not to interfere.

A decision on the Alberta-to-Texas pipeline is at least three months away, but there's no fixed deadline for a decision.

The Canadian Press


Read more Business News

26755


Recent Trending




Today's Market
S&P TSX13845.04+78.37
S&P CDNX552.99+7.42
DJIA16596.44-58.33
Nasdaq4815.38+2.68
S&P 5001983.15-4.51
CDN Dollar0.7566-0.0007
Gold1119.50-5.10
Oil45.26+2.70
Lumber237.20-9.70
Natural Gas2.715+0.051

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.29+0.05
Cantex0.04-0.01
Anavex Life Sciences1.33-0.06
Metalex Ventures0.055+0.000
Russel Metals21.35+0.37
Copper Mountain Mining0.65+0.00
Colorado Resources0.075-0.005
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.07+0.01
Decisive Dividend Corp2.75+0.14

 





FEATURED Property
1953675404 1450 Bertram Street
2 bedrooms 2 baths
$185,000
more details
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_



27061

27299


Member of BC Press Council