Four players must agree to do a debt ceiling resolution or nothing gets done. Those players are House Speaker John Boehner, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, and President Obama.
Many have House Minority Leader Nancy Pelosi in that group. However, Pelosi is irrelevant. The house passed the “Cut, Cap, & Balance”without Pelosi so the House can pass something without her support again.
The problem is the Senate and President Obama.
Debate Getting More Rancorous, Both Sides Digging In
Both sides are digging in, and if anything the verbal attacks are getting more rancorous.
Boehner and House Majority Leader Cantor both laid into Obama's proposal as noted in Boehner's Blog Common-Sense GOP Effort Will Prevent Job-Crushing Default & Deny President Obama a $2.4 Trillion Blank Check.
Highlights from Boehner's Blog
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Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 25th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 24th, 2014 | John Ransom