10.15.13 | 10:21 am
New House Plan: Just Leave

Nothing should surprise me with these folks. But apparently House Republicans are considering passing their bill (which is a nonstarter in the Senate and White House) and simply leaving town.

Meanwhile, Rep. John Fleming (R-LA) discusses plan to push House offer as close as possible to default deadline to maximize leverage.

10.15.13 | 8:37 am
Default Faster Next Time, Please

With their plan dissolving this may become a moot point, but I mentioned earlier how the House GOP leadership plan unveiled this morning included a provision that would bar the Treasury Department from taking extraordinary measures to avert default whenever we approach the debt ceiling again the next time.

Enough of this skating around default — we want to feel the pain of imminent default quicker next time!

Here’s the rationale for that provision, according to the GOP’s outline of its plan:

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