Washington (CNN) – A Senior House GOP source concedes to CNN that to get the White House on board with a debt ceiling deal, House Republicans would likely have to agree to a clean short term debt ceiling increase. In exchange, Republicans would need to get clear and specific parameters from the White House for discussions and negotiations on ways to reduce the debt and deficit.
This source believes that at the end of the day, enough people in the GOP caucus could be OK with this because the economic implication of breaching the debt limit "scares people." This source also acknowledged that under this scenario, House GOP leaders may have to agree to pass a debt ceiling bill without all Republicans on board, and with Democratic support.
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The source also told CNN the key date to look for is Tuesday October 15. If nothing is agreed upon by then, it could be the day that forces a solution.
Because the bond market is closed Monday, Columbus Day, and if the markets are going to react to the lack of a deal, it would likely happen on Tuesday October 15. Also, October 15 is a federal payroll day.
That means serious talks and movement really have to happen by this coming long weekend.
But multiple GOP sources tell CNN it is hard to nail down a path forward because there are still no direct conversations going on, and the White House will not talk.