Senior House GOP source: Debt deal may require Democratic help
October 9th, 2013
03:18 PM ET
11 months ago

Senior House GOP source: Debt deal may require Democratic help

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.

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.

Why?

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.


Filed under: Congress • Debt • Government Shutdown
soundoff (22 Responses)
  1. The Real Tom Paine

    What rocket scientist on the GOP side figured that out-oh, that's right the GOP still does not believe in science or math or anything that does not involve a faith based solution. I guess they are praying, since only divine intervention will keep Nancy Pelosi from getting her job back from the Weeper( hate to tell them, God switched from Indepenedent to Democrat last year).

    October 9, 2013 03:21 pm at 3:21 pm |
  2. Sniffit

    Yes, Teatrolls, you can haz crowbrgr.

    October 9, 2013 03:22 pm at 3:22 pm |
  3. emskadittle

    the CR already has billions in cuts that the republicans asked for

    October 9, 2013 03:27 pm at 3:27 pm |
  4. g

    ask dick cheney deficits don,t matter–I forgot that was then

    October 9, 2013 03:30 pm at 3:30 pm |
  5. ED1

    Sound like anybody you know.

    The Quote of the Decade:

    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

    ~ Senator Barack H. Obama, March 2006

    October 9, 2013 03:35 pm at 3:35 pm |
  6. rs

    The GOP is toast. They can't even back away from their ill-advised hostage-taking without help. If this is the solution- that we work together to avoid another fiscal calamity so be it, but the GOP stands no chance at regaining popularity as long as the extremes in their ranks hold positions of power and authority.

    Oh, by the way GOP, you have a Koch stuck in your nose. You might want to clean that up....

    October 9, 2013 03:36 pm at 3:36 pm |
  7. Debbie

    I've given up on the GOP. I was a Republican over 35 yrs and left due to the TEA that the GOP leadership did zero about. Boehner should be in jail for aiding and abetting a treasonist act by the TEA. He's held over 40 votes on Obamacare and is holding hostage the USA and refusing to hold 1 up/down vote on CR. Boehner will go down in history as the key to the collapse of the GOP. GOP now stands for GOPobstruction, GOPsequester, GOPshutdown, Boehner is waiting for GOP no more? It's the law that Congress fund the government. Only one party is holding that up and holding the USA hostage. Jail them for treason!

    October 9, 2013 03:38 pm at 3:38 pm |
  8. Bill from GA

    " 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. "

    Now the shutdown is about reducing the deficit (the dept will not be reduced as long as we have a deficit). Reducing the deficit comes from budget bills. Yet the Senate initially returned a bill to the House with the agreed upon budget numbers, the numbers the House asked for, and Boehner would not bring it to vote.

    How can republicans expect the President to 'negotiate', when negotiations start at the position the repubs wanted?
    Maybe the dems should add some spending, say $100 billion for highways, to their offer, so they can 'negotiate' them out and make Bonehead feel better.

    October 9, 2013 03:41 pm at 3:41 pm |
  9. Dominican mama 4 Obama

    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
    -------------------------------------------------
    That is more like it!
    The tide is turning in no small part to the public being kept abreast by the President of the goings on and the implications of not negotiating or much less reaching an agreement.
    The Republicans put themselves in a no-win situation. They, for whatever reason, really thought that the President would cave to them and their ridiculous demand of dismatling Obamacare.
    I don't know why Orange Glo would allow himself to be so misused by the Kich minions. I guess for him money and power speak louder than the needs of his country.

    October 9, 2013 03:48 pm at 3:48 pm |
  10. Roger

    Technically, the NYSE is open on Columbus Day. The bond market is closed. That said, the closer we inch to the 17th without a solution, the more markets will react negatively.

    October 9, 2013 03:52 pm at 3:52 pm |
  11. Data Driven

    Thaaaaat's right. Submit the clean CR, and then we'll talk.

    Good boy! Goo-goo-goo!

    October 9, 2013 03:56 pm at 3:56 pm |
  12. A Kickin' Donkey

    I call on Jamie Dimon, the CEO of Bank of American, the Chairman of the Board of Wells Fargo, the vice-chairman of ING, the US Chamber of Commerce, etc. etc. to grab Boehner, Cantor, McCarthy and about 60 other Republican house members by the biscuits and squeeze.

    The Default deniers are about to forever ruin the good name of any American IOU. They are about to raise by BILLIONS of dollars, the cost of American operating, of financing our deficits, of carrying our national debt built over the past 43 Presidents. Have your chief economists or Jim Cramer spell it out for this financial IQ lightweights.

    I hope the DOW, NASDAQ tank on Thursday and Friday in advance of Oct 17th so that over the weekend, the pressure mounts on these climate change deniers. Please, oh please Dow, drop by 400 tomorrow and 800 the next day.

    October 9, 2013 04:06 pm at 4:06 pm |
  13. Anonymous

    "...hard to nail down a path forward because there are no direct conversations going on, and the White House
    will not talk"..........
    --
    Yes, they will. President Obama has invited the House Republicans to a meeting– all of them, but, apparently,
    Wee Willie Weeper has decided that only 18 of his hand-picked "followers" will be allowed to attend.

    October 9, 2013 04:11 pm at 4:11 pm |
  14. sonny chapman

    Hey, that's what the Dems. are for. Anytime enough Repubs. AND Boehner return to Planet Earth, there's deals to be made.

    October 9, 2013 04:11 pm at 4:11 pm |
  15. Sniffit

    "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"

    Teatroll Rosetta Stone says: "The GOP/Teatrolls are going to demand that revenues and getting rid of unnecessary preferential tax deductions and loopholes for the wealthy are not on the table and that the only things to be discussed and negotiated are cuts to Medicare, SS, the ACA, Food Stamps and other social assistance programs relied upon by the middle class."

    Gotta learn how to read these things so that you can understand what they and the MSM are hiding with their deliberate whitewash gloss-over word choices.

    October 9, 2013 04:16 pm at 4:16 pm |
  16. teaparty days are numbered

    ol'gunderson? are you really ol'boehner? they have the votes to reopen gubment, why no vote? people like you make average citizens puke

    October 9, 2013 04:18 pm at 4:18 pm |
  17. The Real Tom Paine

    -ED1

    Sound like anybody you know.

    The Quote of the Decade:

    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

    ~ Senator Barack H. Obama, March 2006
    **************

    That was in the last decade, so how can it be the "quote of the decade"? Leave it to a rightie to screw up a basic timeline.

    October 9, 2013 04:19 pm at 4:19 pm |
  18. Rudy NYC

    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.
    ---------------------------–
    Democrats agreed to the Republican spending levels, without any protest, when the Senate passed the initial House bill that funded everything except for the ACA. The agreement had been a clean bill at conservative spending levels. But, the Republicans felt that Democrats surrendered to easily, and so they got greedy and insisted on defunding the ACA.

    There is nothing more to discuss with Republicans, except why did they renege on the original agreements.

    October 9, 2013 04:26 pm at 4:26 pm |
  19. Larry in Houston

    WoW Debbie !!! LOL – I hate to meet you somewhere in a dark alley, or accidentally bump into you, on a side walk, somewhere !! LOL – good Job !!

    October 9, 2013 04:27 pm at 4:27 pm |
  20. Dominican mama 4 Obama

    Data Driven

    Thaaaaat's right. Submit the clean CR, and then we'll talk
    -------------------------------------------------
    I know right!!
    The President held firm and just as importantly, like in no other time in recent memory that I at least can recall, the Democrats held firm with him.
    United. We can survive, outlast, and withstand anything united.
    The Republicans have known this forever, what took the Democrats so long to figure it out.
    Good job Mr. President. Again.

    October 9, 2013 04:34 pm at 4:34 pm |
  21. Name jk. Sfl. GOP conservatives,the garbage of America.

    We were always going to help you, unlike the GOP teaparty garbage of America , American traitors!!!!!

    October 9, 2013 04:45 pm at 4:45 pm |
  22. deee510

    I dont appreciate the lie that the white house will not talk obama called the HOR to the white house today and bonehead would only allow 18 members to come.bonehead and co. Are shutting down the gvmt and all the reasonable congress members

    October 9, 2013 04:46 pm at 4:46 pm |