House set to reject Reid debt plan as endgame nears

The Republican-controlled House of Representatives is set to reject Senate Majority Leader Harry Reid’s plan to raise the nation’s debt ceiling Saturday — partisan payback for the Democratic-controlled Senate’s rejection of Speaker John Boehner’s plan Friday night.

The twin votes are a likely prelude to a long weekend of furious back room negotiations between congressional leaders looking for a way to end a tense political standoff and avoid a potentially catastrophic federal default next week.

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Posted in * Economics, Politics, Economy, House of Representatives, Office of the President, Politics in General, President Barack Obama, Senate, The National Deficit, The U.S. Government

3 comments on “House set to reject Reid debt plan as endgame nears

  1. Archer_of_the_Forest says:

    I sure hope the first checks not issued when the Government defaults are the paychecks of these all these clowns.

  2. libraryjim says:

    Several of the Freshmen in Congress have vowed to not accept their checks if the government goes into ‘overtime’ on this issue. Let’s see WHO keeps their promises on that one.

  3. Cennydd13 says:

    Umm, it seems to me that a lot of congressmen…..and senators…..actually don’t need their checks, since most are well-off financially anyway, and were when they were elected. I applaud their vowing not to accept their checks, but at the same time, I want them to quit the stalling and make whatever deals and compromises that are necessary. The [i]only[/i] way this impasse is ever going to be resolved is through [i]compromise.[/i]