Pre-Election Special SALE: 60% Off VIP Membership
BREAKING: Supreme Court Rules on Whether Virginia Can Remove Non-Citizens From Voter Rolls
Tim Walz's Gaming Session With Ocasio-Cortez Was a Trainwreck
Oregon Predicates Request to Judge on Self-Delusion
GDP Report Shows Economy 'Weaker Than Expected'
How Trump Plans to Help Compensate Victims of 'Migrant Crime'
NRCC Blasts the Left's Voter Suppression Efforts in Battleground Districts
Watch Trump's Reaction to Finding Out Biden Called His Supporters 'Garbage'
26 Republican AGs Join Virginia in Petitioning SCOTUS to Intervene in Voter Registration...
There Was a Vile, Violent Attack in Chicago, and the Media's Been Silent....
One Red State Just Acquired a Massive Amount of Land to Secure Its...
Poll Out of Texas Shows That Harris Rally Sure Didn't Work for Colin...
This Hollywood Actor Is Persuading Christian Men to Vote for Kamala Harris
Is the Trump Campaign Over-Confident?
Is This Really How the Kamala HQ Is Going to Respond to Biden’s...
Tipsheet

Obama to Accept Short Term Debt Deal

According to the White House, President Obama is willing to accept a short term debt deal, but only if lawmakers are willing to provide and work on a grand deal for the long term as there are 12 days left before the debt ceiling deadline on August 2. This is a significant change for Obama as he previously stated he would veto a short term deal. Regardless, it still looks like a deal is far from being reached.

Advertisement

Mr Obama's spokesman Jay Carney said: 'There is still time to do something significant if all parties are willing to compromise.'

The question for the President now is what will it take to get enough votes from both parties to muscle legislation through the House and Senate and raise the national debt limit by the August 2 deadline.

Mr Obama met with the top two Democrats from both the House and Senate, and then had talks with House Speaker John Boehner and his deputy, Eric Cantor.
The Obama administration and Congress are also working on a backup plan to increase the debt limit if no big plan can be reached.

It would allow Obama to raise the ceiling on his own unless overridden by Congress.

For more on this, see Guy Benson's post from yesterday.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement