“Obama will assert that he has the authority to extend the debt ceiling under the 14th Amendment.”
Why not force him to do it before caving in? Obama could be bluffing and will never have the guts. If Obama really does it and the Supreme Court lets him get away with it, Congress could pass a debt limit extension at any time.
I should have made the timeline more clear.
I think Obama will invoke the 14th Amendment on August 1st, then look at Boehner to “negotiate” the budget deal.