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Boehner: If Credit Agencies Downgrade US, It's 'Beyond My Control'

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Killgore Trout7/28/2011 2:33:33 pm PDT

This looks like a reasonable look at the way this will play out…..Senate Democrats Set Strategy For Weekend Debt-Ceiling Showdown With GOP -Aide

Senate Democrats plan to give Republicans a final offer on how to resolve the impasse over the need to raise the debt ceiling as the clock ticks down to the Aug. 2 deadline to increase the country’s borrowing limit or face potential default on U.S. debts.

According to a senior Senate Democratic aide, Majority Leader Harry Reid (D., Nev.) will invite Republican leaders to propose changes to a plan he supports to raise the $14.29 trillion debt ceiling and cut more than $2 trillion from federal budget deficits.

The aide said Thursday that Mr. Reid will put Republicans on the clock, setting a deadline for them to put forward a workable solution to resolve the parties’ differences on how to raise the borrowing limit. If they fail to take up the offer, the aide said that Reid will hold a straight up-or-down vote on his proposal in the “coming days.”

“That would be the last opportunity to avert default and it will be on Republicans,” the aide said.


That sounds kid of dangerous to me. I was hoping on bill reconciliation in the Senate. The Republicans don’t want to make decisions and I think it’s risky to involve them any more than we have to.