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White House, McConnell negotiating over last-ditch deal on debt (Sat Evening )
The Washington Post ^ | Updated: Saturday, July 30, 9:40 PM | Lori Montgomery and Rosalind S. Helderman,

Posted on 07/30/2011 10:29:03 PM PDT by Ernest_at_the_Beach

With the prospect of a government default just three days away, the White House entered intense negotiations with Senate Minority Leader Mitch McConnell on Saturday in a last-ditch bid to forge a bipartisan agreement to raise the federal debt limit.

Shortly after 10 p.m., Senate Majority Leader Harry M. Reid (D-Nev.) announced that talks between McConnell (R-Ky.) and Vice President Biden had made significant progress, prompting Reid to delay a vote that had been scheduled for 1 a.m. Sunday on his own debt-limit measure.

“There are negotiations going on at the White House to avert a catastrophic default on the nation’s debt,” Reid said, after announcing that the vote had been pushed back to 1 p.m. Sunday. “There are many elements to be finalized, and there is still a distance to go before any arrangement can be completed. But I believe we should give everyone as much room as possible to do their work.”

He added: “I’m glad to see this move toward cooperation and compromise. I hope it bears fruit.”

The emerging agreement calls for raising the $14.3 trillion debt limit by up to $2.4 trillion in two stages, with the debt limit rising unless two-thirds of both chambers of Congress disapprove, according to officials in both parties familiar with the talks. That would extend the Treasury’s borrowing authority into 2013, satisfying President Obama’s demand to avoid another showdown over the issue in the heat of the 2012 presidential campaign.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: biden; budgetbattles; mcconnell; reid

1 posted on 07/30/2011 10:29:05 PM PDT by Ernest_at_the_Beach
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To: SierraWasp

Where is the House on this one?


2 posted on 07/30/2011 10:31:03 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach

Can’t u tell by Bonehead’s silence. Silence speaks clearly sometimes.


3 posted on 07/30/2011 10:33:38 PM PDT by tennmountainman
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To: Ernest_at_the_Beach
"satisfying President Obama’s demand to avoid another showdown over the issue in the heat of the 2012 presidential campaign."

McConnell is an idiot to let Obama off the hook. Working overtime to snatch defeat from the jaws of victory.

HOLD THE LINE!!

Make the idiot Obama fight for every damn last dollar of Marxist spending right up to election day!!

4 posted on 07/30/2011 10:39:55 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: Ernest_at_the_Beach
Reid added: “I’m glad to see this move toward cooperation and compromise. I hope it bears fruit.”

Well, even without any details this is easy...
If that sick communist piece of sh!+ Reid is encouraged, then I am discouraged.
Kill the deal.

5 posted on 07/30/2011 10:43:02 PM PDT by Lancey Howard
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To: Ernest_at_the_Beach

Won’t the house have to approve this?


6 posted on 07/30/2011 10:45:53 PM PDT by matthew fuller (Forget impeachment- Extradite obama, biden, napolitano, muller, clinton and holder. Country saved!)
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To: Ernest_at_the_Beach

“He’s a real nowhere man, working on his nowhere plan for nobody.” -The Beatles


7 posted on 07/30/2011 10:46:17 PM PDT by SierraWasp (I'm done being disappointed by "He/She is the only one who can win" and being embarrassed later!!!)
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To: matthew fuller

Yes, of course.


8 posted on 07/30/2011 10:54:24 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach

“last-ditch deal”

The last ditch for Obama to drive America into.


9 posted on 07/30/2011 10:54:28 PM PDT by Berlin_Freeper (Obama is making me sick.)
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To: matthew fuller

“Won’t the house have to approve this?”

Boehner will vote for it, along with the rest of the Republican “leadership”, and he’ll have how ever many more he needs walk the plank for him, yet again, to pass it. I think if enough House Dems are on board, it’s probably a done deal, unfortunately. (If it’s as disappointing a plan as it appears (IMHO), the only hope may be that enough Dems and Conservatives in the House vote no).


10 posted on 07/30/2011 10:56:10 PM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Ernest_at_the_Beach
McConnell delivered a letter to Reid signed by 43 Republicans declaring their opposition to his version of the debt-limit bill. Four Republican senators did not sign the letter: Olympia Snowe and Susan Collins of Maine, Scott Brown of Massachusetts and Lisa Murkowski (R-Alaska).

The usual scumbags.

11 posted on 07/30/2011 10:56:12 PM PDT by Lancey Howard
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To: matthew fuller

But there are dollar for dollar... cuts...


12 posted on 07/30/2011 10:56:18 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Ernest_at_the_Beach
Good Lord. If we need to rely on McConnell, we are done.


13 posted on 07/30/2011 10:57:45 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Jim Robinson; Ernest_at_the_Beach
If Mrs. Reid's little boy from Searchlight NV likes it then the TEA PARTY won't!!! (and neither will I)

This is probably part of the last ditch scenario that Obama and Reid and the democrat leadership got together on late today. I wish our side of the aisles could plot and scheme like that!!!

Their big scheme so far is to drive a wedge between the Republican Party and the Tea Party and then marginalize the Tea Party into oblivion. It's not been working because the American public is starting to watch after last November's landslide loaded with votes for cutting the size of our government!!!

14 posted on 07/30/2011 10:59:00 PM PDT by SierraWasp (I'm done being disappointed by "He/She is the only one who can win" and being embarrassed later!!!)
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To: Qbert

Bonehead has already turned 47 out of the 57 Freshmen class on the first vote. How hard do u think it will be to turn them again? The answer, a lot easier than the first.


15 posted on 07/30/2011 10:59:12 PM PDT by tennmountainman
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To: Lancey Howard

Kill the deal.

It was all pre-arranged weeks ago. Everything else has been a Kabuki Dance for entertainment value only.


16 posted on 07/30/2011 11:01:20 PM PDT by tennmountainman
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To: Ernest_at_the_Beach
What a farce. Republican's give the commie scum another $2.4 trillion to spend without the possibility of checking (2/3's vote of both houses - give me a break!)

A pox on both your houses!

17 posted on 07/30/2011 11:01:40 PM PDT by GregoryFul (Obama - Jim Jones redux)
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To: Lazlo in PA

He’s NEVER seen his balls, cause he’s Never had any.


18 posted on 07/30/2011 11:03:45 PM PDT by tennmountainman
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To: SierraWasp
If we can believe the Post write up...we are going to get cuts and no tax increase.

We would not get that without the Tea Party,,,,,there are a demonstrated Force NOW!

WE need to increase their numbers in Nov 2012....so we can make even bigger rollbacks and kill Obama Care.

19 posted on 07/30/2011 11:04:45 PM PDT by Ernest_at_the_Beach ( Support Geert Wilders)
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To: Qbert
i>(If it’s as disappointing a plan as it appears (IMHO), the only hope may be that enough Dems and Conservatives in the House vote no).

If Obama and the Dem Senate support the bill, then the Democrats in the House will vote for it en masse. Which means that 25 frightened liberal Republicans would put it over the top.

20 posted on 07/30/2011 11:17:48 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: matthew fuller

They want the House to be the ones to vote it down so they can blame them for what the White House decides to not pay.


21 posted on 07/30/2011 11:19:29 PM PDT by Ingtar (Together we go broke (from a Pookie18 post))
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To: tennmountainman
It was all pre-arranged weeks ago. Everything else has been a Kabuki Dance for entertainment value only.

Yep, Obama and Boehner worked out the script on the golf course, everything has gone according to plan.

22 posted on 07/30/2011 11:23:09 PM PDT by dfwgator
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To: Ingtar
"They want the House to be the ones to vote it down so they can blame them for what the White House decides to not pay."

That sounds right.

23 posted on 07/30/2011 11:24:45 PM PDT by matthew fuller (Forget impeachment- Extradite obama, biden, napolitano, muller, clinton and holder. Country saved!)
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To: dfwgator

Exactly to the plan.

I wonder when the new freshmen will realize they got used and played by Bonehead and Cantor.


24 posted on 07/30/2011 11:25:47 PM PDT by tennmountainman
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To: Ernest_at_the_Beach

Not if Bonehead and Cantor are still in leadership positions.


25 posted on 07/30/2011 11:27:58 PM PDT by tennmountainman
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To: Ernest_at_the_Beach

There has never before been a tax hike with a debt ceiling increase and the cuts are bogus.

This is by far the biggest debt ceiling increase ever, designed exclusively to get Obama reelected.


26 posted on 07/30/2011 11:31:44 PM PDT by 9YearLurker
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To: Lazlo in PA
Clearly, you cannot cut government by giving it more ability to borrow and spend. I don't think it is possible for this country to have a more sorry bunch of losers running the show.

Again, cut, cut, cut.

Mitch-Peas3
Reid says his 'politics as usual' bill will help the nation... steer for the cliff!   /sarc


27 posted on 07/30/2011 11:39:36 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: BobP
What kills me is that this jack ass thought Jim Bunning needed to go because he was old and out of touch. I wish Bunning was in the Senate leadership roll. At least he had his act together and was fairly Conservative compared to McConnell.


28 posted on 07/30/2011 11:49:47 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Ernest_at_the_Beach
Obama's caving on almost all points.

if there's a default he will blamed and he knows he needs the House to pass it.

It looks like he's giving up on less cuts than hike, one tranch, increasing taxes, BBA, and he's even allowing conditional Medicare cuts (if they don't make the second round of cuts Medicare gets cut).

The left-wing blogs are furious at the Won tonite.

29 posted on 07/31/2011 12:30:44 AM PDT by Siena Dreaming
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To: matthew fuller
Won’t the house have to approve this?

Eventually.

30 posted on 07/31/2011 1:41:16 AM PDT by BigSkyFreeper (You have entered an invalid birthday)
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To: Siena Dreaming
if there's a default he will blamed and he knows he needs the House to pass it.

We won't just automatically go in to default. That's up to Obama.

31 posted on 07/31/2011 1:42:49 AM PDT by BigSkyFreeper (You have entered an invalid birthday)
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To: Ernest_at_the_Beach
If we can believe the Post write up...we are going to get cuts and no tax increase.

Raising the debt ceiling is a tax increase.

32 posted on 07/31/2011 1:44:31 AM PDT by BigSkyFreeper (You have entered an invalid birthday)
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To: BigSkyFreeper

raising the ceiling to 2013?

That’s the only thing these bastards wanted in the first place. That’s the only thing Reid was asked to get for Obama.

If they cave on this, then it’s over. I’m done with this f ing republican party, and you can be sure we lose in 2012.


33 posted on 07/31/2011 3:08:02 AM PDT by nikos1121 (Stand up is hard if you're not funny.)
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To: nikos1121

Who said they would wait until 2013? They want to raise it before Wednesday.


34 posted on 07/31/2011 3:09:46 AM PDT by BigSkyFreeper (You have entered an invalid birthday)
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To: All; Ernest_at_the_Beach
And Reid was out there before the camera with his Hoard of Hoodlums--Mrs. Sourpuss to his right and Lurch prominently featuring in back--flanking and behind him as he said Mitch McConnell refused to speak to anybody on the Democrat side.

Shortly after, we learned from Boehner and McConnell they'd been talking to Obama for an hour!

Now we see McConnell's been talking to Biden!

When is Reid going to TELL THE TRUTH?

There were multiple opportunities in that very press event to call Reid on lies, misstatements and half-truths as they happened. No follow up came. The Reid version became "gospel" and flooded the airwaves.

35 posted on 07/31/2011 3:28:42 AM PDT by newzjunkey (Paul Ryan on Reid's bill: "Let's cover the moon with yogurt" http://post.ly/2gTED)
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To: Ernest_at_the_Beach

The democrats need only 25 republicans to pass a bill in the House. If they get cooperation, they could get it to the floor quickly. If they don’t, it could take months, if ever, for it to come to the floor, iirc.


36 posted on 07/31/2011 4:27:27 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Ernest_at_the_Beach

Wont matter to the Tea Party People,the Rinos and democrats will vote for it and the Tea Party will only get the Blame


37 posted on 07/31/2011 4:37:36 AM PDT by ballplayer
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To: matthew fuller

Yep - the House has to approve it. Unless of course they decide to go Dim and “assume it to have passed”...


38 posted on 07/31/2011 4:38:40 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: Jim Robinson

That Dufus McConnell has to go. After this whole exercise the Republicans will make Odumbo the Hero.
McConnell you are a Putz


39 posted on 07/31/2011 4:39:17 AM PDT by ballplayer
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To: Jim Robinson

That Dufus McConnell has to go. After this whole exercise the Republicans will make Odumbo the Hero.
McConnell you are a Putz


40 posted on 07/31/2011 4:39:29 AM PDT by ballplayer
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To: Jim Robinson

That Dufus McConnell has to go. After this whole exercise the Republicans will make Odumbo the Hero.
McConnell you are a Putz


41 posted on 07/31/2011 4:39:33 AM PDT by ballplayer
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To: Ernest_at_the_Beach

So after all of this Odunbo gets to go out and Borrow another 2.4 trillion dollars. Who is going to Loan us another 2.4 trillion? I guess they will go to Bernake and tell him to go into the Basement and turn on the Printing presses to print more worthless paper as we Loan ourselves the money. Nice when you can print your own money.


42 posted on 07/31/2011 4:43:08 AM PDT by ballplayer
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To: Lancey Howard

“I hope it bears fruit.”

A piece of FRUIT damned the human race and got us thrown out of the Garden. I think that I see who “mitch the mooch” mcconnel is truly aligned with.

LLS


43 posted on 07/31/2011 5:17:27 AM PDT by LibLieSlayer (juan mccain certified Al Palin Hobbit Terrorist)
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To: Ernest_at_the_Beach

McConnell is not negotiating he is trying to add a pork project and make a little money, that is what he aways does.


44 posted on 07/31/2011 5:33:20 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: newzjunkey
When is Reid going to TELL THE TRUTH?

When is the press going to TELL THE TRUTH?

Answer:

Never and never.

45 posted on 07/31/2011 5:42:57 AM PDT by ROCKLOBSTER (Celebrate Republicans Freed the Slaves Month.)
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To: BigSkyFreeper

No, they raise it through 2013....that’s what these bastards wanted... That’s the only thing they wanted...


46 posted on 07/31/2011 3:32:21 PM PDT by nikos1121 (Stand up is hard if you're not funny.)
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To: BigSkyFreeper

No, they raise it through 2013....that’s what these bastards wanted... That’s the only thing they wanted...


47 posted on 07/31/2011 3:32:40 PM PDT by nikos1121 (Stand up is hard if you're not funny.)
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