As the October 17 deadline set by the U.S. treasury to extend America's borrowing limits drew closer, hardline Republicans in the House of Representatives rejected a compromise that had emerged in the Democrat-controlled Senate in recent days.
On the 15th day of the government shutdown, House Republicans placed renewed demands measures that would trim several parts of the healthcare law informally known as Obamacare, that were rejected by the White House.
"Members of Congress don't get to demand ransom for fulfilling their basic responsibilities to pass a budget and pay the nation's bills," said a White House spokesman.
The hardline Republicans, known as the Tea Party, had caused the U.S. government to shut down on two weeks ago over their reservations with the increased spending on the Affordable Healthcare Act.
The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010.
Together with the Health Care and Education Reconciliation Act,it represents the most significant regulatory overhaul of the country's healthcare system since the passage of Medicare and Medicaid in 1965.
The ACA aims to increase the quality and affordability of health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals and the government. '
It provides a number of mechanisms‚Euro"including mandates, subsidies, and insurance exchanges‚Euro"to increase coverage and affordability.
--IBNS (Posted on 16-10-2013)