Clock Ticking on Debt Ceiling Deal

“House Republicans return to Washington on Monday still struggling to find a path to raising the Treasury Department’s borrowing authority, but the normally raucous caucus is in unusual agreement that the best option is to put the white-knuckle confrontations of recent fiscal wars behind them,” the Washington Post reports.

“Facing a timeline that leaves no room for trial and error, some party leaders were advocating a debt-ceiling solution that would wrap several popular, must-pass items around a provision to extend the federal government’s borrowing authority beyond the November midterm elections. That approach has drawn support from some surprising quarters, but several senior GOP advisers made it clear over the weekend that such a proposal would require a bloc of Democratic votes, because about 30 Republicans oppose raising the debt ceiling under any circumstances.”