Federal lawmakers have gone back to butting heads following several days of bipartisan unity after the death of Osama bin Laden.
Although many Republican leaders have praised President Barack Obama's leadership in regards to the al-Qaida leader's death, they continued to slam the commander-in-chief for his handling of the economy. On May 3, GOP Senators unveiled their jobs agenda and criticized the President for stifling business growth.
"This excessive regulation is really seriously inhibiting our effort to get out of this economic recession and create jobs," said Senate Minority Leader Mitch McConnell (R-Ky.), quoted by The New York Times.
House Republicans furthered their assault on Obama's healthcare law on May 3, voting to eliminate the provision that requires mandatory financing to set up health benefit exchanges. On May 4, GOP members were expected to approve a bill that would reject Obamacare's mandatory financing for school-based health center construction.
Pressure is also mounting regarding the Federal government's debt ceiling limit, which is now capped at $14.3 trillion. Considering that the U.S. is on the verge of reaching its credit limit, House Speaker John Boehner (R-Ohio) said that legislators will reach a deal "sooner rather than later," according to Reuters.
However, House Majority Leader Eric Cantor (R-Va.) stated that the GOP will not support a debt limit increase unless significant steps are outlined that would reduce the budget deficit.