Unable to secure the votes needed to pass Speaker John Boehner’s (R-OH) debt plan, House GOP leaders first delayed then canceled a vote on the Budget Control Act last night. The House could take up the measure today, but many conservatives and Tea Party activists remain strongly opposed to the plan. All eyes are on Republican Whip Kevin McCarthy (R-CA), who is trying to secure the last handful of votes.
Meanwhile, the Treasury Department has started preparing an answer for the question millions are asking: If there’s no money to pay the bills, who will be left empty handed? According to reports, the Treasury is beginning to plan how to handle the government’s 100 million monthly payments in case Congress and the White House can’t come to an agreement on the debt ceiling.
Heritage’s Lee Edwards hosts and event today at noon ET with Del Wilbur of the Washington Post and Craig Shirley of Shirley & Banister Public Affairs. Wilbur is the author of “Rawhide Down,” an electrifying story of the day when President Reagan nearly died. The event will be webcast.