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![]() Late this afternoon, the Tea Party contingent of the GOP told Speaker Boehner they refuse to accept Boehner's last-minute plan for raising the debt ceiling (two short term raises through 2012 with moderate to low spending cuts)
This leaves only Sen. Harry Reid's plan (massive cuts equal to debt ceiling raise through 2013). What will be the outcome? The President has a press conference tonight at 9pm I'll guess: Obama will give the GOP one last public chance to raise the debt ceiling via accepting Reid's plan. The Tea Party won't let Boehner accept. Tomorrow Obama will raise the debt ceiling via the 14th.
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