Speaker John Boehner is still promising to release some new debt deal proposal today but I don’t think anyone is optimistic that it’ll be a plan that can pass.
Boehner is scheduled to hold a conference call with the House Republican conference at 4:30 ET.
New public proposals at this stage are designed more to avoid losing on the politics than they are to actually plot a new way forward. If a workable deal is achieved it’ll probably come from the staff level work still going on behind the scenes, be ratified privately by the principals, and then unveiled publicly as a done deal. But at this hour, no indication anything like that is imminent.
