Debt Ceiling Deal May Be In Serious Trouble In The House

Don’t make nonrefundable plans just yet for a vacation under the assumption that the debt ceiling agreement that has been hinted at the past 24 hours is, in fact, a done deal.

I’m hearing that there is significant opposition from the tea partiers in the House who (1) don’t like some (taxes and military spending) of what’s in the current deal and (2) think that they can hold out for more concessions from the White House by waiting until Tuesday or Wednesday.  As of now, there’s no indication at all that House Speaker John Boehner (R-OH) has the political gravitas with his caucus to simply demand that it vote for any deal.  The same dynamic that forced Boehner to change his plan earlier this week to please the tea partiers is still in place.

House Democrats aren’t that happy about the deal either so House Republicans may not be able to count on them to make up for for the tea party missing votes as Boehner seems to have been assuming.

In other words…It’s not over yet.

About Stan Collender 126 Articles

Affiliation: Qorvis Communications

Stan Collender is a former New Yorker who, after getting a degree from the University of California, Berkeley, moved to Washington to get it out of his system. That was more than 30 years ago.

During most of his career, Collender has worked on the federal budget and congressional budget process, including stints on the staff of the House and Senate Budget Committees; founding the Federal Budget Report, a newsletter that was published for almost two decades; and for the past 11 years writing a weekly column for NationalJournal.com and now RollCall.com.

He is currently a managing director for Qorvis Communications, where he spends most of his time working with and for financial services clients.

Visit: Capital Gains and Games

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