Reid Agrees to Debt Limit Deal, Hopes to Hold Vote Tonight (Roll Call)

[chill_wind]

Reid Agrees to Debt Deal, Hopes to Hold Vote Soon

By Meredith Shiner
Roll Call Staff
July 31, 2011, 5:28 p.m.



Updated:5:40 p.m.

Senate Majority Leader Harry Reid (D-Nev.) signed off Sunday evening on a deal to avert a government default pending the approval of his Conference, adding that he hoped a vote could be held as early as late Sunday night.

Reid spokesman Adam Jentleson announced the Majority Leader's support for a newly negotiated plan to raise the debt limit while enacting $3 trillion in deficit reduction after top Senate Democrats emerged from an hour and a half meeting with their House counterparts.

But sign-off from Senate leaders is just the beginning of what could be a tortuous process of getting the agreement to President Barack Obama's desk. Speaker John Boehner (R-Ohio) and House Minority Leader Nancy Pelosi (D-Calif.) will need to wrangle their respective caucuses to reach the simple majority needed to approve the deal if it arrives from the Senate.


Reid told reporters after the leaders' meeting that he was hopeful that a vote could be held Sunday night, while his colleagues — Senate Majority Whip Dick Durbin (Ill.), Democratic Conference Vice Chairman Charles Schumer (N.Y.) and Conference Secretary Patty Murray (Wash.) — were otherwise tight-lipped as they exited Pelosi's office suite.

more:http://www.rollcall.com/news/reid_agrees_to_debt_deal_hopes_to_hold_vote_soon-207891-1.html?pos=hln

TPM:
Reid Agrees To Major Debt Limit Deal — Here’s What He’s Signed Off On

http://tpmdc.talkingpointsmemo.com/2011/07/reid-agrees-to-major-debt-limit-deal----heres-what-hes-signed-off-on.php?ref=fpa

[andym]

1. Doubtful that the House GOP will support the deal as described on TPM

14th amendment anyone?

[maryellen99]

3. default anyone?

I don't think President Obama has the will to use it.

[chill_wind]

5. Pelosi doesn't sound too sure Dems like it either.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=1624556&mesg_id=1624556

[chill_wind]

2. edit- wrong place

[DCBob]

4. they only need a simple majority in the House..

should be enough moderates on both sides to get that.