TPM News

Updated at 9:00 p.m.

Moments after the Congressional Budget Office released an analysis finding that the House Republicans' debt limit bill falls far short of one their key goals, House Speaker John Boehner (R-OH) decided to rewrite the legislation, and according to GOP leadership, an expected Wednesday floor vote on the package will be delayed until Thursday at the earliest.

"We promised that we will cut spending more than we increase the debt limit - with no tax hikes - and we will keep that promise," reads a statement from Boehner spokesman Michael Steel. "As we speak, Congressional staff are looking at options to re-write the legislation to meet our pledge."

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The mega-merger between AT&T and T-mobile got a thumbs down from another member of the Senate Judiciary Committee Tuesday when Sen. Al Franken, (D-MN) sent a letter to regulators urging them to block the proposed $39 billion acquisition.

"Allowing the merger to proceed would lead to an effective duopoly in the national wireless market that would result in higher prices for consumers and potentially thousands of job losses," Franken wrote to Julius Genachowski, the chairman of the Federal Communications Commission, and Attorney General Eric Holder.

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Whelp, Congress' official budget scorekeeper has weighed in on House Speaker John Boehner's (R-OH) debt limit plan and if you're a Republican, it's a very mixed review.

The goodish news for conservatives is that relative to projections based on current spending, the Congressional Budget Office estimates Boehner's plan would reduce non-war discretionary spending by $710 billion over 10 years. That's if his discretionary spending caps were to hold in the out years, and future Congresses didn't change the law to allow themselves to appropriate more money. Over the course of a decade, CBO estimates the plan would reduce deficits by $851 billion. Those are big numbers. But they're less than Boehner's $1 trillion in promised cuts, and would thus make it hard for him to stand by his demand for a dollar-for-dollar match between deficit reduction and new borrowing authority. That's a look at the full budget window.

What would it do right away? Not much at all.

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High level discussions continue between Democrats and Republicans to make sure Congress raises the debt limit before the Treasury runs out of borrowing authority and has to slash public spending on a massive scale. But for the moment, we're in a period of repose. In public, few are willing to budge too far off their own party's plan to raise the debt limit. And members and aides are now believe that a viable solution won't emerge until one of the existing, partisan plans fails publicly.

In other words, things haven't moved a whole lot since yesterday. For the moment, most participants expect that the House GOP plan, authored by Speaker John Boehner (R-OH) will move first, and will fail, either in his own chamber or in the Senate. But they're now pessimistic that a workable plan will emerge before then, something party leaders were hoping against hope for yesterday.

"I think so -- probably that's the case," Sen. Kent Conrad (D-ND) told reporters Tuesday afternoon.

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U.S. authorities might have the legal authority to track Americans' movements within the United States through their cell phones, according to Matt Olsen, the National Security Agency's general counsel.

Olsen made the comment during a confirmation hearing Tuesday morning in front of the Senate Select Committee on Intelligence. President Obama has nominated him to lead the National Counterterrorism Center.

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The Obama administration is making its opposition to Speaker John Boehner's (R-OH) two-step approach to raising the debt-ceiling crystal clear.

President Obama not only only dislikes the Boehner plan, but if somehow it defied all odds and got through the Senate and reached his desk, he would veto it. In a brief yet pointed Statement of Administrative Policy released by the White House Office of Management and Budget Tuesday afternoon, Obama's senior advisors said they strongly oppose the Boehner plan.

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Sen. Jim DeMint (R-SC), one of the leading hardliners on the right in the debt ceiling fight, is predicting Speaker Boehner (R-OH) will not be able to pass his new plan for a two-tier deficit reduction package without help from Democrats.

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LiveWire

Clinton Postpones Trip To Charlotte

In a statement released Friday evening, Hillary Clinton's campaign announced that the Democratic nominee…