Thursday, October 10, 2013

Who, Exactly, Just Blinked in the Debt-Ceiling Showdown?

If you're wondering who just blinked first in the tense back-and-forth between Democrats and Republicans over the government shutdown and debt-ceiling deadline, the answer is: It's a photo finish.
In fact, both Speaker John Boehner and President Obama are blinking—that is, giving up ground—at nearly the same time. Picking up on hints from Treasury Secretary Jack Lew on Wednesday that the president was open to a short-term debt-ceiling increase, Boehner and the House Republican leadership obliged him. On Thursday morning, they came out of a meeting to announce they'd support "clean" legislation of the sort Obama wanted to raise the debt limit—but only for the next six weeks. Then, during that period, Boehner and his team said, the president needs to sit down and talk about concrete spending cuts and other issues.
In his remarks, the House speaker clearly intended to convey that he was meeting Obama "halfway," and that the GOP was holding out on an agreement to open the government until Boehner heard something more from the president in talks scheduled for this afternoon. "That's a conversation we're going to have with the president today," Boehner said.
So who's making the greater concession? We'll likely find out over the next day or so. But it's obvious there is marginal movement toward the middle, in a foot-dragging way, from what had been two hard-line positions. Boehner, taking his cue from the tea-party sub-caucus in the House, had initially insisted on presidential concessions related to the start-up of Obamacare this month. He appears to be letting that slide, to the consternation of the tea party. Suddenly all the talk is about spending in general—entitlements and tax reform—not Obamacare, which Boehner and his team have come to accept that the president cannot budge on, given that it is his signature domestic achievement. In separate op-eds Wednesday, both House Majority Leader Eric Cantor and Budget Committee Chairman Paul Ryan both called for debt-ceiling negotiations without mentioning health care at all.

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