House Vote on Debt Postponed

Still no resolution on the debt ceiling.

From the Wall Street Journal:

The House postponed a Thursday night vote on Speaker John Boehner's plan to raise the federal borrowing limit after he failed to stem a revolt by conservative GOP members. The delay leaves the credit status of the U.S. government in jeopardy with five days remaining before it begins running out of money to pay all its bills.

The development came after a two-hour debate on the bill was abruptly ended earlier in the evening. Mr. Boehner, knowing that a rejection could undermine his speakership, then joined other House GOP leaders in trying to pressure party members to reconsider their opposition.

Those efforts fell short and it wasn't clear if the vote would be rescheduled. But the development appeared to hand the initiative for the moment to Senate Majority Leader Harry Reid (D., Nev.), who is pushing an alternative version of the debt bill.

House Republicans and Senate Democrats planned to meet Friday morning at 10 a.m. to plan strategy. Republicans will figure out whether, and how, they can move forward.

"I think what's going on now is a process of dialogue among legislators who are listening to one another and deciding how it's going to be possible for us to move forward within the democratic process," said Rep. Mike Pence (R., Ind.).

Mr. Pence acknowledged that "we're not there yet" in terms of votes for the Boehner plan, but "Our objectives remain the same."

Greg Gutfeld nails it:

This is like watching sausage not get made.