House Minority Leader Nancy Pelosi, D-Calif., said, "You'll have to ask the speaker. He has the majority." Democrats met for over two hours on the debt ceiling compromise Monday afternoon in the Capitol. Vice President Joe Biden offered a personal appeal to lawmakers to support it—Democratic support is expected to be crucial to getting it over the goal line.Minority Leader Pelosi's comment, made at 2:35 p.m., likely indicates strong push-back from the House Progressive Caucus. Let's hope this gets done soon so we can all move on happily--at least until after 2012 when this nonsense likely comes up again. For a play-by-play on the debt ceiling negotiations, see the National Journal.
Monday, August 1, 2011
No debt vote yet
Even though party leaders have arrived at a "deal," voting has not yet occurred in the House or Senate on the measure. While the House is scheduled to vote tonight on the bill (after markets close, lest we forget the TARP fiasco) there are signs that members on both sides are not playing ball:
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chances of this not getting through is less than 10%. Most likely, extremes will get to note their objections, and vote no, but majority will vote in favor.
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