Sunday, July 24, 2011

Obama and Boehner Back at the Altar? (Boehner facing House leadership revolt)

Obama and Boehner Back at the Altar?
(Boehner facing House leadership revolt):

"It now looks like the original framework is back in play – a deal with some $3 trillion in spending cuts and $800 billion in additional tax revenue.

One source described the talks as Boehner and the President “footsie” because the talks are indirect...

SNIP

I am told that Eric Cantor, Kevin McCarthy and Jeb Hensarling (the 2, 3, and 4 GOP leaders in the House) have all made it clear to Boehner they will not accept a deal that increases tax revenues by $800 billion.

If Boehner strikes such a deal with the President, he could lose more than 100 Republican votes in the House. It could ultimately cost him his Speakership. But it may be the only possible way to both avoid default and address the underlying debt crisis.

SNIP

(Excerpt) Read more at blogs.abcnews.com ..."

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