In it, but not of it. TPM DC

Dems Signal 'Grand Bargain' On Debt Ceiling Still Possible


Now substantively, this isn't quite right. All reporting and evidence suggests Obama's grand bargain would cut the big three entitlements. But the message for us viewers is that a big deal is still possible -- contingent on GOP leaders agreeing to it at their own White House meeting, which is still ongoing.

This could all be just a subtle way of putting the squeeze on Republicans with a debt default looming. That practically defies the clock, and, returning from the White House, Senate Majority Whip Dick Durbin (R-IL) said Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) are still putting together their backup plan. But maybe it truly is a backup plan.

We'll update you when we know more.

About The Author


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