Skip to main content

Jay Carney

Via TPM, here's the initial White House reaction to the latest debt ceiling proposal from House Republicans:

"The president is happy that at least cooler heads seem to be prevailing in House," Carney told reporters at a daily press conference.

“The president strongly prefers a longer term solution," Carney added. "We'll see what the House Republicans propose and see what they are able to pass."

Carney's second point is a good one: Despite holding a press conference, House Republicans were exceedingly vague about the details of what they are demanding in exchange for raising the debt limit—and we still don't know whether they can even manage to pass whatever it is that they eventually propose.

If Republicans were to propose a clean debt ceiling increase, Carney said President Obama would "likely" sign it, even though he would prefer a longer term extension.

If a clean debt limit bill is passed, he would likely sign it. Again, we would have to see it. We're speaking about a bill that does not at this point exist and it's not at all clear based on what the Speaker said that that's what we're going to see.
As Carney again noted, Republicans have yet to offer concrete details of what they are proposing. According to a report from National Journal, Republicans aren't actually going to demand anything in the bill...
There will be no specific language attached to the bill mandating any negotiating framework from the White House. "It's just a handshake," said Rep. John Fleming of Louisiana.
...but until we see language that Republicans are actually able to pass through the House, reports like that are just speculation. But if they agree to take the threat of default off the table, the White House won't stand in their way.

10:54 AM PT: One thing worth paying attention to is whether the House includes language barring the Treasury Department from using extraordinary measures to avoid default. If they do that (and indications are that they plan to), it would probably kill their plan, because barring Treasury from avoiding a default would actually further weaponize the debt limit. It also is an extremely hard position to defend (it's sort of like banning firefighters from fighting fires) so it would be sort of nuts for House Republicans to insist on it. Then again, they are sort of nuts.

If they don't include language barring extraordinary measures, then a six-week debt limit suspension would probably last much longer than six weeks. The last time Congress raised the debt limit was in February when they suspended it for about three months, through mid-May. But thanks to extraordinary measures, we've avoided default for nearly five months.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site