Updated 3:41 pm ET
House Speaker John Boehner told the Republican caucus this morning that he wants an increase in the debt limit, without language defunding Obamacare, that will last six weeks. Republicans would not reopen the federal government, however, maintaining the pressure of a shutdown to force negotiations.
It’s not clear if House conservatives will go along with this, but they should.
It’s exactly the solution I suggested Tuesday, when Obama offered to agree to a short term increase. It amounts to a cave by Obama, because now he will be doing what he said he wouldn’t – negotiating with a gun to his head. Yet it allows him a face saving way out and avoids a possible breach of the debt ceiling for now and all the adverse consequences that would eventually occur.
The pressure will remain on the president just as it was before, except now he will be negotiating. Conservatives and Sen. Ted Cruz (R-Texas), who have been repeatedly ridiculed and attacked for their tactics, will get results and have the last laugh.
It’s a vindication of the strategy. President Obama has repeatedly shown he doesn’t agree to anything serious unless under threat. Now, by around Thanksgiving Day, he will make concessions.