Debt Debate Continues: What to Expect Wednesday

Jul 27, 2011 9:23am

ABC News' John Parkinson (@JRPabcDC) and Sunlen Miller (@SunlenMiller) report:

Less than six days to an historic U.S. government default and the different legs of power in Washington are each working on their own plans with no clear path to a breakthrough.

House of Representatives

Less than a week to default, and House Speaker John Boehner's plan to raise the debt ceiling by about a trillion and cut spending by about that much hit a snag. The non-partisan Congressional budget scorekeeper predicted it would only result in about $800 billion in spending cuts. And so Boehner and House Republicans leaders have pushed back a vote on their proposal until Thursday while they search for more cuts.

 House Republicans and Democrats are huddling with their respective colleagues at 9 a.m., as Boehner rewrites the legislation in an attempt to get more cuts than the increase.

The House convenes at 10 a.m. for an hour of speeches and then at 12 p.m. for legislative business.   On the floor members will continue working on HR 2584, the Interior, Environment and Related Agencies Appropriations Act, 2012.

Senate

The Senate reconvenes at 9:30 a.m. today. Senate Majority Leader Harry Reid announced on the floor last night that he would hold one hour of morning business. He did not say what he will do after morning business. 

But there will be at least one press conference. At 11:45 a.m., Senators Reid, Durbin, Schumer, and Murray discuss the Debt Ceiling in the Senate studio.  Reid called Boehner’s plan “Dead on Arrival” in the Senate even before House Republicans started looking for more spending cuts. But it is not entirely clear that Reid’s plan, which cuts spending by $1.2 trillion – buffeted what Republicans say are budget gimmicks — has the votes to pass the Senate.

White House

The president has no on-camera events today.

After his daily briefing, Obama will meet with senior advisors at 10:30 a.m. (ET) in the Oval Office, closed press.

White House Press Secretary Jay Carney will give a press briefing at 1:30 p.m.

 

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