Treasury Secretary Timothy Geithner is the comic relief in all this. As we have discussed previously, if he'd stuck to his original estimate that we needed to deal with the debt limit by the end of March, it would have been dealt with. But, to show his Wall Street pals how deft on the debt he could be, he announced we really had until August 2.
Then, about a week ago, he let it be known that he wanted to return to New York so he became a rare self-made lame duck. That being the case, everyone knows they will have to deal with the next Treasury Secretary and Geithner is reduced to sitting on the floor, cross legged, juggling and doing card tricks to the amusement of the major players.
Nancy Pelosi's job is pretending to know how many votes she has but not telling Boehner. I suspect that when it comes down to it the Republicans will lose a significant number on the Right; the Democrats will lose some on the Left but there will be the required 218 votes to make whatever deal Boehner and Obama come up with.
Boehner and Obama didn't get it done Sunday evening, and they won't get it done this afternoon. But as long as they are making progress they will reach the landing at the top of the stairs and find an acceptable solution.
Step by step.
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