Katie Pavlich

Before leaving for debt talks with the President this morning, Speaker John Boehner reportedly told House GOP members there was a 50-50 chance of reaching a deal according to the National Journal.

That prognosis from Boehner was relayed by several House Republicans as they left a morning briefing with the speaker -- and later confirmed by a GOP leadership aide. Boehner and other Republican and Democratic congressional leaders are set to continue negotiations at the White House on Thursday on a deal to raise the nation’s $14.3 trillion debt ceiling.

Rep. Peter King gave a more positive outlook on the talks, but hinted that if an agreement isn't made in the next 48-hours, there may be no agreement at all before the debt ceiling reached on Aug. 2.

“I get the impression that it’s better than 50-50,” said Rep. Peter King, R-N.Y. “It will be agreed upon in the next 48 hours; if not, it won’t be for a long time.”

Katie Pavlich

Katie Pavlich is the Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is a New York Times Best Selling author. Her latest book Assault and Flattery: The Truth About the Left and Their War on Women, was published on July 8, 2014.