The House must move to raise the debt ceiling by Wednesday, John Boehner told a closed House GOP meeting. First, of course, a deal must be struck, and as yet, “there is no deal. There is no agreement in private,” Boehner told the press, and leaders aren’t “close” to one. The House, however, has “done its job” in seeking agreement, he said, and the Senate needs to do its part, the AP notes. Meanwhile, progress reports continue to conflict sharply.
Following yesterday’s reports of an imminent deal, Boehner told the closed meeting that he had, in fact, reached agreement with the president. He followed that statement with a quick, “just kidding.” Politico reports that some sort of deal does seem to be taking shape, with between $2.5 trillion and $3 trillion in cuts. Last night, President Obama met with Democratic leaders; insiders say he hoped to reveal a deal “framework” today. (Read more John Boehner stories.)