In it, but not of it. TPM DC

Boehner: Overwhelmingly Conservative Debt Limit Plan Is Only One That Can Pass The House -- For Now

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Newscom

But, Boehner acknowledged, party leaders remain in communication with each other and Democrats to make sure a backup plan is in place after conservatives get to lay down their markers and feel they were heard.

"I'm not going to give up hope on Cut, Cap, and Balance," Boehner demurred. "But I do think it's responsible for us to look at what Plan B would look like, and the leadership had a long conversation yesterday about Plan B."

So we're still in hurry-up and wait mode as Republicans give their right flank some time and cover to make some noise. And their leaders have their backs on this, defending the plan as a fair trade off: Republicans get everything they want, and the country avoids default.

"The President said he wanted a balanced plan," Boehner said. "That's what this is -- a balanced plan. He gets his increase in the debt ceiling. We get real cuts in spending and real reform that will make sure this doesn't happen again."

About The Author

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Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com

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