“The outlines of a possible deal to raise the debt ceiling and limit spending are starting to emerge, but negotiators are far from an agreement as President Biden and top lawmakers are set to meet at the White House on Tuesday afternoon,” the Wall Street Journal reports.
Punchbowl News: “Congressional leaders believe it will take up to 10 days to move any bipartisan agreement — if it happens — through the House and Senate. Remember: Speaker Kevin McCarthy agreed when he took the gavel to give members 72 hours to review legislation. Party leaders need to unveil a deal to the rank and file, bring it to the Rules Committee and then to the floor. Surprisingly, there’s been no discussion in the leadership or during the negotiations about the floor process for any eventual deal. The GOP leadership has informally considered dividing the question — voting on the debt limit and cuts separately. But nothing has been decided yet.”
“The Senate, of course, needs a full week to process nearly any bill. It will be no different here.”
