John Boehner's debt ceiling plan has had a lousy day: In the latest setback, the Congressional Budget Office says it doesn't cut as much as Boehner thought—the CBO puts the figure at $850 billion over a decade, instead of the $1.2 trillion promised by the House speaker, reports the Washington Post. (Read the CBO letter here.) As a result, Boehner and his aides were scrambling to rework the measure. A House vote scheduled for tomorrow has been delayed and now might take place Thursday. Whenever it arrives, however, there's no guarantee it will pass.
Conservatives in the House hate Boehner's two-step plan, and he can ill afford to lose any if he wants to secure 217 votes. Eric Cantor told fellow Republicans today that he agreed the "debt limit vote sucks" but that they should “stop grumbling and whining and to come together as conservatives and rally behind” Boehner, notes the New York Times. Even if they do, Harry Reid said the plan would be "dead on arrival" in the Senate, reports the Hill. And even if it's not, the White House has threatened a veto. What next then? Mitch McConnell says congressional leaders have to get back together and be ready to accept a solution that is “less than perfect, because perfect is not achievable," notes Politico. (Read more John Boehner stories.)