B/S. The congress cannot raise the spending or the credit limit unless the tea party freshmen go along with it. There are just enough fiscal conservatives in the House to make any such bill fail. IF they stick together and IF they HOLD THE LINE!!
They have stuck together despite enormous pressure. If there is a vote for a BBA included in this and if there is no tax increase I am not that upset nor would I be if it did not pass.
There appears to be a lot of Leftist opposition to it as well so we are in unusual territory. No one seems to like it.
Once I learned that by law the interest on the debt has to be paid first I stopped believing there could be a default and will not urge voting for this.
Maybe these guys are tired of being screamed at.