Debt-ceiling Fight Rages On
July 29, 2011
Speaker Boehner wasn’t able to get enough Republican votes in the House to pass his plan after all; apparently it will now be amended to require that Congress send a balanced-budget constitutional amendment to the states before a debt-ceiling increase is triggered (as would have been required by the failed Cut, Cap, and Balance Act), which is a good thing or a bad thing, depending on your point of view.
It remains to be seen whether the final compromise to raise the debt ceiling will be substantially the same as the plan Boehner originally released this past Monday, but in at least one sense, the fight is certainly not over yet. The situation continues to change rapidly. Stay abreast of events, if you like, on the Corner or from the NRO main page.