Looks like House Speaker John Boehner is going out with a raise-to the nation’s debt ceiling.
President Obama has struck a deal with Congressional leaders that will again increase America’s debt borrowing limit with no end to the spending in sight…
Boehner, working directly with Obama and his staffers, was vital to the agreement though other Congressional leaders were also involved.
The deal may be voted on Wednesday, which happens to be the same day Paul Ryan may be nominated by the House GOP conference to replace Boehner as Speaker.
According to CNN:
“Bipartisan congressional leaders and the White House struck a major fiscal deal in principle Monday that would raise the debt ceiling and lift budget caps on both defense and domestic programs, according to congressional sources familiar with the deal.
The final details are being ironed out and a bill could be introduced later Monday as negotiators draft the language to prepare for it for vote.
This deal would avoid a potential debt default on November 3, and it would reduce the chances of a government shutdown on December 11.”
Boehner and his office were vital in creating the framework for the debt ceiling increase.
“Boehner’s office negotiated many of the details directly with the White House, but House Minority Leader Nancy Pelosi, Senate Majority Leader Mitch McConnell and Senate Minority Leader Harry Reid were also part of the discussions as the framework was developed, according to a source familiar with the talks.”
The article notes House Conservatives vehemently oppose the debt increase deal.
“Conservatives sharply panned the deal.
“It’s emblematic of five years of failed leadership,” said Rep. Justin Amash, R-Michigan.”
