Nancy Pelosi Wants a Deal

Punchbowl News: “Pelosi is in deal mode, you can see it, but the rest of her party isn’t there yet. Pelosi has been trying to mediate a compromise between her moderate and progressive factions. She’s been upping the pressure on both groups, urging them to find common ground. It hasn’t worked so far. But, to be fair to Pelosi, it never works until the moment it does.”

“That’s because Pelosi is a realist. She knows something is better than nothing. She’s also keenly aware that the clock is ticking and an agreement has to be reached very soon. It will take weeks to turn any bicameral deal into actual legislative text, and there undoubtedly will be more haggling along the way. Getting a reconciliation package through Congress by Thanksgiving would be an achievement at this point; Christmas feels more doable. And Democrats will be forced to respond to the new debt limit and government funding deadlines by that point.”