ABC News has learned that Republicans and the White House have struck a tenative deal to raise the debt ceiling before the Aug. 2 deadline. It’s not done yet, but here is the framework of the tentative deal they have worked out, according to a source familiar with the negotiations:
Debt ceiling increase of up to $2.8 trillion
Spending cuts of roughly $1 trillion
Vote on the Balanced Budget Amendment
Special committee to recommend cuts of $1.8 trillion (or whatever it takes to add up to the total of the debt ceiling increase)
Committee must make recommendations before Thanksgiving recess
If Congress does not approve those cuts by late December, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare.
A senior White House aide pushed back against the idea that a deal was struck.
“Talks continue, but there is no deal to report,” the aide said.
There is some push back from Democrats and Republicans on Twitter.
Senate majority leader Harry Reid has postponed a vote on his plan in the Senate until 1 PM (EDT) tomorrow.
Day By Day by Chris MuirSpeaker Boehner has done his best but it is not good enough. New Members of Congress were elected to CUT spending and the Boehner Plan like the Reid Debit Limit Plan kick the can down the road.
Let the President and the majority Congressional Democrats propose their own debt limit plan that could pass both Houses of Congress or prepare for living in a world where the USA does not borrow any more money.
Here is a graph to frame the debate:
But, stay tuned as the House GOP Caucus is meeting presently. 216 positive votes are needed for passage of the Boehner Plan.
I guess I have had a change of heart.
House conservatives should vote NO today on the Boehner Plan and Eric delivers the rationale.
According to the latest Gallup poll.
Americans are more likely to approve of the way President Obama is handling the negotiations to raise the federal debt ceiling than they are to approve of the handling of the situation by Speaker of the House John Boehner or Senate Majority Leader Harry Reid, although opinions about all three are more negative than positive.
These results are from a special one night USA Today/Gallup poll conducted July 27, as Speaker Boehner was marshaling support for Thursday’s House vote on his version of a new budget plan.
President Obama’s 41% approval rating on handling the situation is 10 percentage points higher than Boehner’s and 18 points higher than Reid’s. However, more Americans have an opinion about Obama’s handling of the situation than is the case for the other two men, so when those with no opinion are factored out of the results, Obama’s advantage is lessened. Among those with an opinion about his handling of the situation, the president has 44% approval and 56% disapproval, compared with 39% and 61% for Boehner and 31% and 69% for Reid.
Americans are saying a POX to all of the POLS.
But, Boehner does NOT have the support of the rank and file GOP. Only half of the Republicans approve of Boehner’s handling of the debt situation and 75 per cent of the Democrats approve of Obama’s handling of the situation.
What about independent voters?
And, Tea Party supporters?
A Third of Tea Party Supporters Disapprove of Boehner’s Handling of Situation
Tea Party supporters have been among the most vocal participants in the current debt crisis debate. Many observers suggest that the pressure Tea Partiers are putting on newly elected freshman Republican House members is a reason the parties have not been able to strike a debt agreement so far. House Speaker Boehner is attempting to broker a deal to get the debt ceiling raised while at the same time reflecting the intense sentiments of Tea Party followers.
Boehner does slightly better among all Tea Party supporters — 61% approval and 33% disapproval — than he does among all Republicans — 50% approval and 35% disapproval. These differences reflect the fact that in this survey, less than half (46%) of Republicans identify as Tea Party supporters, and that this group has a much different view of Boehner’s efforts on the debt situation than those who are not Tea Party supporters. Republicans who support the Tea Party approve of Boehner’s handling of the debt situation by 65% to 30%, while Republicans who are not Tea Party supporters split evenly, 38% approve and 40% disapprove, with the rest having no opinion. This difference is significant despite the smaller sample sizes involved, and suggests that Boehner is having more trouble pleasing the moderate and liberal wing of his party than he is the conservative wing.
So, what does this all mean?
Americans are not approving of any of the parties or POLS. It may be too early to assess the true impact of the situation, unless some financial crisis results. But, for election 2012, this entire matter is a negatve for both sides of the aisle. If anyone thinks the President can claim a victory in this situation, they better read and weep.
Both sides are likely to cut a deal now that it is very apparent, they are both losing the public perception.
It is too early to determine the long-term impact of the current debt ceiling crisis on the political fortunes of President Obama, Speaker Boehner, Majority Leader Reid, and the other politicians who have been in the middle of the unfolding drama. The current short-term data suggest that to date none of those involved receive glowingly positive reviews from the American public. More Americans disapprove than approve of the way Obama, Boehner, and Reid have each handled the situation.
Obama does better than the other two, based in large part on the high approval rating he receives from his fellow Democrats. Boehner receives significantly less loyalty from Republicans, half of whom approve of his handling of the situation. This no doubt reflects the current divisions within the Republican Party, with conservatives and Tea Party supporters pressing for a rigid stance against compromise and tax increases, while other Republicans are more inclined to push for a settlement with Obama and the Democrats. At this point, the former group is the most supportive of Boehner, which suggests that he faces more problems from the moderate wing of his party than from the conservative Tea Party wing. The fact that as many Republicans who do not support the Tea Party say they disapprove of how Boehner is handling the situation as say they approve highlights his leadership challenges.
The Senate will take up, and vote down, House Speaker John Boehner’s bill to raise the federal debt ceiling immediately after its anticipated House passage Thursday evening, Senate Majority Leader Harry Reid, D-Nev., said.
“As soon as the House completes its vote tonight, the Senate will move to take up that bill. It will be defeated,” Reid said, citing a letter sent last night to Boehner in which all 53 Democratic Caucus members vowed to vote against the measure if it passes. “No Democrat will vote for a short-term Band-Aid that would put our economy at risk and put the nation back in this untenable situation a few short months from now.”
Boehner was still working to round up votes Thursday. But both parties now expect his measure to narrowly pass over Democratic opposition.
Reid has two options: He could “table” the proposal, postponing its consideration indefinitely, or bring it up for a vote, which would kill the bill directly. The advantage of tabling is that it’s faster. Under the byzantine rules of the Senate, the Majority Leader would have to wait about two days before being able to bring the House bill up for a vote, whereas tabling the bill could take just a day and a half. The disadvantage of tabling is that Republicans will insist that Boehner’s proposal had a chance in the Senate, and that Reid was simply afraid that it would pass. But with the Aug. 2 approaching, Democratic aides think tabling is more likely.
Once Reid kills the bill, there are two new paths he could take: He could bring his own plan up for a vote or he could try to come up with a compromise plan with Boehner and Senate Minority Leader Mitch McConnell.
Since Dingy Harry’s bill has NO chance of passing in the House, the deal making will begin.
But, of course, there will be plenty of blaming the other side and at the last minute there will be a deal or the August 2nd deadline passes which will probably prove to be a non-event.
There will be a deal as the House GOP WILL pass the Boehner Plan this afternoon.Dick Morris explains why this is a good deal for the GOP.Watch it all.
With less than five days left until the federal government could begin defaulting on its debts, voters continue to express unhappiness with both sides of the debt ceiling debate. While most voters continue to believe the debt ceiling will be raised before the government defaults, most don’t think the president and Congressional Republicans will agree on significant long-term spending cuts before the 2012 elections.
The latest Rasmussen Reports national telephone survey of Likely Voters shows that 70% believe it’s at least somewhat likely that the debt ceiling will be raised before the government begins defaulting on its debts. Only 18% don’t think the debt ceiling will be raised by Tuesday, while another 12% are undecided. These findings include 33% who say a debt ceiling increase is Very Likely and just three percent (3%) who think it’s Not at all Likely to happen
However, less than half of voters (42%) say it’s likely President Obama and congressional Republicans will reach an agreement to significantly cut long-term government spending trends before the 2012 elections, including just eight percent (8%) who say it’s Very Likely. Fifty-one percent (51%) don’t believe it’s likely the two sides will reach this agreement, including 15% who say it’s Not At All Likely.
Only 35% of voters nationwide approve the way the president and congressional Democrats are handling the debt ceiling debate, while most (61%) disapprove.
Republicans aren’t off the hook either: 38% approve of the way the GOP are handling the debate while 57% disapprove. Voter sentiments about both sides are similar to those found last week.
You can fool some of the people some of the time.
All of the drama and for what?
The Boehner or Reid Plan?
Move on to the 2012 elections because nothing is going to happen until there is a new Senate and/or President.
The nonpartisan Congressional Budget Office reported Wednesday that House Speaker John Boehner’s revised proposal to raise the debt ceiling deficit reduction plan would reduce budget deficits by about $915 billion over 10 years through FY2021. With the bill slated to hit the House floor Thursday, Boehner is trying to secure the necessary number of votes needed to pass the measure.
A vote originally scheduled for Wednesday was delayed late Tuesday amid disunity within the GOP conference and a previous report from the CBO that Boehner’s plan would accomplish cuts $150 billion below the $1 trillion target House Republicans want.
National Journal has compiled a list of Republican Members who have committed to voting no, and those who have declared they are undecided. We’ve also included the stances of notable yes votes as well as the positions of notable Democrats, based on the recent House vote on the GOP’s “Cut, Cap And Balance” measure. If no Democrats support the Boehner plan, the maximum number of votes the House speaker can lose and still pass the measure is 23. Right now, 19 Members have committed to voting no.
Here is the revised NO GOP List:
The GOP has won the debt-limit debate and American voters now understand how President Obama has spent the United States into a ditch. Look at this graphic:So, the House should pass the Boehner Plan and if the Democrats decide to vote against it in the Senate, then they broke it and they will own it.
Stay tuned as the vote commences this morning. Looks like a close vote.
The Hill has an updated list for either this morning’s vote or one which could be postponed if the votes are not there.
House Republicans are scrambling to come up with the votes to pass Speaker John Boehner’s (R-Ohio) new plan to raise the nation’s debt ceiling.
While they have some work ahead of them, House GOP leaders are starting to pick up more yes votes. On Wednesday, several Republican members who had been undecided earlier in the week said they are leaning toward yes, including Reps. Marsha Blackburn (Tenn.), Bob Goodlatte (Va.), Rob Woodall (Ga.) and Cynthia Lummis (Wyo.).
Yet, it appears that the vote will be a nail-biter as a slew of Republican members are firmly opposed to the bill.
If all Democrats vote no, Republican leaders will have to minimize defections to about two dozen members.
Here is the list who are opposed:
House Republicans against/leaning no on Boehner plan (22)
- Todd Akin (Mo.) — Senate hopeful is a no
- Justin Amash (Mich.) — Not shy about breaking from GOP leaders
- Michele Bachmann (Minn.) — Against raising debt ceiling; voted against CCB*
- Paul Broun (Ga.) — Against raising debt ceiling; voted against CCB*
- Jason Chaffetz (Utah) — Possible Senate candidate is a no
- Jeff Duncan (S.C.) Told thestate.com, a South Caroline media outlet, that he is a no
- Jeff Flake (Ariz.) — Senate hopeful “can’t support the current bill”
- Phil Gingrey (Ga.) — A definite no
- Louie Gohmert (Texas) — Planning to vote no
- Paul Gosar (Ariz.) — Leaning no
- Trey Gowdy (S.C.) — Leaning no
- Tom Graves (Ga.) — Firm no
- Andy Harris (Md.) — Strong proponent of BBA**; Indicated to Baltimore Sun he is a no
- Tim Huelskamp (Kan.) — Firm no
- Jim Jordan (Ohio) — RSC chairman is strongly opposed
- Steve King (Iowa) — Firm no
- Connie Mack (Fla.) — Voted against CCB*; firm no
- Mick Mulvaney (S.C.) — A no vote
- Ron Paul (Texas) — Against raising debt ceiling; voted against CCB*
- Dennis Ross (Fla.) — Leaning no, according to National Journal Daily
- Steve Southerland (Fla.) — Lawmaker told AP he is a no
- Joe Walsh (Ill.) — Said on MSNBC he is a no