President Obama met with a group of about 18 leading Republicans late this afternoon at the White House , where the two sides discussed a proposal by House Speaker John Boehner to raise the debt limit until just before Thanksgiving.
I don’t know if you want to call them negotiations – certainly the White House doesn’t – but talks are going to continue into the night. I imagine everyone wants to vote on something Friday and go home for the weekend. That’s how Congress works.
From the White House:
The President had a good meeting with members of the House Republican Leadership this evening; the meeting lasted approximately an hour and a half. The President, along with the Vice President, Treasury Secretary Lew, Denis McDonough and Rob Nabors listened to the Republicans present their proposal. After a discussion about potential paths forward, no specific determination was made. The President looks forward to making continued progress with members on both sides of the aisle.
My expectation is that something will get worked out that allows for wide ranging negotiations on fiscal matters and at least aspects of Obamacare in exchange for raising the debt limit for six weeks or so. Once it’s clear that the White House will talk, I expect Boehner to also move a funding bill that allows the government to reopen.
A portion of conservative lawmakers won’t like it but at least some will support Boehner, and the measures will pass.
And then the negotiations over substantive issues begin next week. Just my hunch.