Obama Rejects GOP Plan To Extend Debt Ceiling

The government shutdown has gone on for at least 12 days with hardly an end in sight. While this has stopped plenty of public landmarks and government related functions to cease, it has not stopped any of the previously made decisions from congress.
With this in mind, President Obama has taken to urging members of the G.O.P. to reconsider the limitations of the debt ceiling before the United States holiday season.
From Reuters:
“Lawmakers are scrambling to put hundreds of thousands of federal employees back to work after their failure to fund the government resulted in a partial shutdown on October 1. They also are staring down a Thursday deadline, when the Treasury Department has warned the United States could default on its debt for the first time in history unless the nation's borrowing limit is raised by then.”
Several Senate Democratic leaders, including Harry Reid, have rushed to get a meeting with President Obama to try and deal with the immediate problem and reach a bipartisan deal before financial markets open again on Monday.
According to Reuters, Reid told reporters he would like to cut a deal "now."
"When I say 'now,' I mean in the next 48 hours," he said.
The negotiations took place after Obama rejected proposals from House Republicans to extend the debt limit and continue funding the government for several more months.
SEE ALSO: House GOP Unveils Short-Term Debt Ceiling Extension
It has already been established that a majority of Americans blame Republicans for the government shutdown more so than Democrats or the President, and with their plan to extend the debt deadline with the probable intention of hitting a debt default right in the middle of the holiday season, their favor has not gone up.
With no agreement settled on, all parties will reconvene and attempt at making a new deal that may or may not eventually resolve the government crisis in time for Christmas shopping.
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Reach Executive Producer Eric Parra here.