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Sev
07-30-2011, 10:31 AM
Round and round we go.
My bet is the Senate and Obama blink first.

http://www.speaker.gov/blog/?postid=254533

<span style="color: #000000"><span style='font-size: 17pt'>DOA: Sen. Reid's Bill a Non-Starter in the House (and the Senate?)</span>
Posted by Michael Ricci on July 30, 2011

Today the House of Representatives will bring up – and defeat – Senate Majority Leader Harry Reid’s debt limit legislation. This vote will demonstrate that the Reid bill cannot pass the House. This will also expose any Senate vote on the Reid bill as a pointless political exercise that squanders precious time as the specter of a job-crushing default looms.

The New York Times reports:
http://www.nytimes.com/2011/07/30/us/politics/30fiscal.html?pagewanted=all
“In an effort to send a message, House Republicans plan to allow a symbolic vote Saturday on Mr. Reid’s plan to show that it cannot clear the House.”

There are also fresh signs this morning that Sen. Reid’s bill won’t get very far in his own chamber: POLITICO http://www.politico.com/news/stories/0711/60265_Page2.html notes that “Reid’s chances of getting to 60 votes Saturday night appear slim.”

The Budget Control Act http://www.speaker.gov/blog/?postid=254520 passed by the House yesterday was pre-negotiated by House GOP leaders with the bipartisan leadership of the Senate. It is by no means a perfect bill, but it is a positive step forward, built to specifications discussed with the bipartisan leadership of the Senate last weekend in a good faith effort to find a solution to the current crisis. Senate Democrats then walked away from it.

As Speaker Boehner wrote in his op-ed on National Review Online, the House bill is the quickest path to end this crisis: http://www.speaker.gov/blog/?postid=254520

“Time is now of the essence. The quickest way for Congress to eliminate the possibility of default and ease the growing turmoil in our economy is for the Senate to take up the House-passed bill and send it to the president today. As Senate Democrats themselves noted today, a House bill that has been sent to the Senate and then tabled is ‘still pending’ — meaning it can be taken up and passed at any time. …

“For the sake of our country, and the sake of our economy, the House has passed a responsible bill that can pass the Senate. Now it’s time for our colleagues in the Senate to pass it, send it to the president, and bring this crisis to an end.”

One Senate vote is all that stands between the American people and getting a responsible end http://www.speaker.gov/Blog/?postid=254176 to this crisis to President Obama’s desk. Today’s House vote will remind the Senate of the need to act in short order with a job-crushing default looming.</span>

Sev
07-30-2011, 12:16 PM
http://www.reuters.com/article/2011/07/30/us-usa-debt-letter-idUSTRE76T1IX20110730

<span style="color: #000000"><span style='font-size: 17pt'>Senate Republicans say will block Reid debt bill</span>

(Reuters) - Nearly all Republicans in the Senate signed a letter saying they will not vote for a Democratic plan to raise the debt limit in a sign that the measure does not have the support it needs to advance in Congress.

Forty-three of the chamber's 47 Republicans signed the letter, released on Saturday.

Democrats need at least seven Republican votes to clear a procedural vote in the 100-seat chamber. That vote is scheduled for 1 a.m. EDT on Sunday.

(Reporting by Andy Sullivan; Editing by Doina Chiacu)

(This story was corrected to specify that most, not all, Republicans signed letter)</span>

Sev
07-31-2011, 07:03 AM
<span style="color: #000000">http://blogs.abcnews.com/politicalpu...enow-what.html

ABC News' Tahman Bradley Reports:

President Obama met with the Democratic leaders of Congress at the White House this afternoon to receive an update on the battle in Congress over raising the debt ceiling.

The House of Representatives voted Saturday to defeat the substance contained in Senate Majority Leader Harry Reid' s plan to raise the debt ceiling and reduce the deficit. Before the vote, the Obama administration said it hoped the Reid plan would pass. In a statement, the Obama administration said, "If the bill were presented to the President, his senior advisors would recommend that he sign it."

The Reid plan contains about $2.4 trillion in cuts and would raise the debt ceiling until 2013. Republicans have said one of their main issues with the legislation is that Reid is counting on saving $1 trillion by winding down the Iraq and Afghanistan wars. Republicans describe Reid's math as an "accounting gimmick."
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LWW
07-31-2011, 07:14 AM
When Reid filibustered his own bill ... we officially entered the Twilight Zone.