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Pelosi Tells Diane Sawyer: No Regrets, No Decisions (VIDEO)

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Now that Dems have lost one house in Congress, and seen their majority diminished in the other, Republicans have much more leverage, and are already threatening to use it.

Their chief goal, they say, is repealing Obama and Pelosi's signature accomplishment: health care reform. Acknowledging that they could undercut that achievement, Pelosi said such an outcome would be "most unfortunate," but that she doesn't think a full repeal is in the cards.

In an interview with Fox News this evening, Senate Minority Leader Mitch McConnell said Congress would not vote to increase the nation's debt ceiling -- legislation that must pass to avoid a global economic panic -- without "strings." Those strings could be attached to anything, including health care legislation.

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