Good! Go home and enjoy the break, Kevin.
Let Mr. 81 Million Votes figure it out next week.
The House did its job. No one else has.
Oh, and your buddy Mitch McConnell has been quiet as a church mouse lately. What’s up with that?
__________________________________________________________
zerohedge
@zerohedge
·
18m
*MCCARTHY SAYS THERE IS NO AGREEMENT
Update (1530ET): A new note from Piper Sandler suggests that President Biden and the Democrats are losing the debt ceiling debate, and that Republicans have the upper hand in negotiations that “increasingly look like it will roughly freeze defense spending and slightly cut domestic spending below this year’s levels.”
“Any deal is likely to be opposed by the most conservative Republicans and the most progressive Democrats,” the note reads. “We have always thought between 40% and 70% of House Republicans would support a deal, depending on its components, and roughly half of Democrats.”
“It’s increasingly looking like a deal will be more on GOP terms and win the support of most Republicans.”
Piper also thinks that “Democrats have played their hand poorly” by misjudging Speaker McCarthy’s leadership abilities.
Since Democrats have argued for months for a clean debt ceiling increase and the GOP passed a bill with its priorities, the negotiations have been on Republican terms,” in which the most likely outcome is a debt ceiling deal that will “modestly cut domestic discretionary spending below last year’s levels and defense spending will be roughly flat.”
Update (1645ET): Assuming a deal is struck over the weekend, Tuesday appears to be the most likely date for a House vote to raise the debt ceiling, which would allow for a speedy turnaround in the Senate, before moving to President Biden’s desk before a June 1 deadline, Bloomberg reports.
Meanwhile, the Biden team scored a point on defense spending, which Republicans wanted to expand. Instead, GOP negotiators are settling on a smaller increase sought by Joe Biden in his budget proposal, people familiar with the talks said.
The emerging consensus on a defense number marks a significant victory for Democrats, who have been trying to bat back Republican efforts to augment Biden’s proposed $886.3 billion proposal for national security next year, which is already a 3.3% increase over current levels.
The Pentagon would receive $842 billion of that request, according to the people, who spoke on condition of anonymity because no final agreement has yet been concluded. -Bloomberg
https://www.zerohedge.com/political/debt-talks-remain-stalled-x-date-fast-approaching
Your post is probably the latest. Biden is taking a long weekend, while Kevin has been working.