Saturday, July 30, 2011

Obama Summons Reid and Pelosi to White House

Update 8 pm ET per CBS's Mark Knoller's tweet:
Hint from the WH that some development in the debt limit stalemate might be forthcoming tonight. Might.
Obama's meeting with Reid and Pelosi just wrapped. Yesterday, the Senate killed a House bill and today the House killed a Senate bill. Fun times.
Senate Majority Leader Harry Reid (D-Nev.) and House Minority Leader Nancy Pelosi (D-Calif.) are meeting with President Obama at the White House on Saturday afternoon.

Reid said he is open to further negotiations over his debt-ceiling proposal, which he called "the only game in town" at a press conference Saturday shortly after the House rejected the legislation.

The House voted 173-246 on the bill, short of a majority and far short of the two-thirds majority needed for passage, which was required because Republicans brought up the bill under a suspension of House rules. Every Republican voted no, along with 11 Democrats.

Reid said he didn't plan the meeting but received a note shortly before the 3 p.m. press conference about a meeting at the White House. The Hill

Obama's also spoken with McConnell and Boehner who are flapping their wings wildly. Looks like we're close to a deal after all of the thrilling theatrics:
Senate Minority Leader Mitch McConnell (R-Ky.) said Saturday he and Speaker John Boehner (R-Ohio) are fully engaged with the White House on a debt deal and expressed optimism an agreement will be reached.

“I’ve spoken with the president and the vice president within the last hour and a half," McConnell said at a press conference with Boehner shortly after the House rejected Senate Majority Leader Harry Reid's (D-Nev.) debt-ceiling plan.

"We are now fully engaged with the one person … who can sign a bill into law,” McConnell told reporters. The Hill