Pelosi Torpedoes White House Debt Limit Plan

“Speaker Nancy Pelosi late Monday said the House of Representatives would not raise the debt ceiling unless it is part of a broader budget deal, putting extreme pressure on the White House and congressional leaders to cut a deal within days,” the Washington Post reports.

“Pelosi said the idea of raising the debt ceiling on its own and not in conjunction with a budget agreement was not ‘acceptable to our caucus’ and therefore did not stand a chance of passage in the House of Representatives.”