Work on McConnell-Reid fallback put on ice; onus put on House

[chill_wind]

Source: The Hill

Work on McConnell-Reid fallback put on ice; onus put on House
By Alexander Bolton - 07/22/11 12:49 PM ET

Senate Majority Leader Harry Reid (D-Nev.) will postpone plans to move on a fallback option to raise the debt limit to give the House a chance to move first.

The delay on a fallback plan significantly increases the pressure on the President Obama and House Speaker John Boehner (R-Ohio) to reach a deal by themselves to avoid a national default.

Reid had planned to begin proceedings this weekend on a contingency plan he had negotiated with Senate Republican Leader Mitch McConnell (R-Ky.), who floated the original idea.

(snip)

Reid said “circumstances have changed” in the wake of media reports that Obama and Boehner are closing in on a $3 trillion deficit-reduction deal that would raise the debt limit and establish a promise to reform the tax code at a later date.



Read more: http://thehill.com/homenews/senate/173019-mcconnell-reid-fallback-debt-plan-put-on-freeze-raising-stakes-for-obama-boehner-talks

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Reid: "The path to avert default now runs through the House of Representatives."

[russspeakeasy]

1. This professional wrestling match has gone on too long..

Shut the whole circus down.

[KamaAina]

2. Or at least whack Eric Cantor over the head with a folding chair

:eyes:

[aquart]

4. Too light. What about the podium?

[jmowreader]

6. You want the podium back, right?

A 500-pound anvil might do the trick.

And then again, it might not.

[thereismore]

3. I wonder if we have 40 dems do filibuster the President's bill (if it exists). nt

[Cool Logic]

5. The Senate could always take the House bill and strip out the stuff it doesn't like,

then send it back over.

I believe I would prefer that to something that only has two guys working on it.