BREAKING NEWS - HOUSE REPUBLICANS PLANNING TO RAISE DEBT LIMIT

This is a fluid and changing story I will try my best to keep this story updated with a full post and analysis later in the day. It does appear from sources on Capitol Hill that the House Republicans are preparing to begin to consider a vote on a short term increase in the debt limit to allow more time for negotiations.

updated..

Boehner will now ask House Republicans for a short-term debt ceiling increase. This is something the President said he is amendable to doing. This could be a way to claim Obama negotiated and they won and raising the debt ceiling to avoid a situation of default. This Robert Costa tweet highlights this idea...