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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLiveblog: Senate to Unveil Deal Hours Before Debt Limit Deadline
http://www.theatlanticwire.com/politics/2013/10/it-looks-house-tea-partiers-have-finally-lost-budget-civil-war/70551/After spending 24 hours watching a House proposal emerge and then crumble, Senate leaders on Tuesday night apparently finalized a proposal to avoid default. The question remaining: Can it pass the House and quickly enough?
According to Treasury Secretary Jack Lew, Thursday is the date on which the government might for the first time be unable to pay its debt obligations a scenario which could cause enormous disruptions in the global economy. On Tuesday, House Republicans struggled to develop a plan that might satisfy its most conservative wing, eventually determining that no proposal could do so. At some point on Wednesday morning, Senate leadership is expected to unveil a deal hammered out last night perhaps similar to its Monday proposal, minus the delay of one Obamacare-related tax.
Default could (could) happen in as soon as 23 hours, and 19 minutes first thing Thursday morning.
Updates
9:17 a.m.: And now the Houston Chronicle says it regrets endorsing Ted Cruz.
9:10 a.m.: Senate Democrats said they would roll out their compromise plan this morning, Fox's Chad Pergram reports.
8:43 a.m.: The Wall Street Journal has had enough of the House Republicans.
This is the quality of thinkingor lack thereofthat has afflicted many GOP conservatives from the beginning of this budget showdown. They picked a goal they couldn't achieve in trying to defund ObamaCare from one House of Congress, and then they picked a means they couldn't sustain politically by pursuing a long government shutdown and threatening to blow through the debt limit.
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Liveblog: Senate to Unveil Deal Hours Before Debt Limit Deadline (Original Post)
xchrom
Oct 2013
OP
Laelth
(32,017 posts)1. k&r for exposure. n/t
-Laelth
ChangeUp106
(549 posts)2. If there's a vote today
What time are we looking at? I have to do some errands today and I don't want to miss the big event.
kydo
(2,679 posts)3. 9:17 a.m.: And now the Houston Chronicle says it regrets endorsing Ted Cruz.
Now they regret it
Liberal_Stalwart71
(20,450 posts)4. I'm hearing a senate vote should take place as late as 12:00 noon
tridim
(45,358 posts)6. The first time I ever heard Cruz speak I knew he was insane.
Why didn't the Houston Chronicle notice?
I'd love to read what they said about him as he was running. Did they ignore all the crazy talk?