Boehner Debt Plan. The House postponed a Thursday night vote on Speaker John Boehner’s plan to raise the federal borrowing limit. This happened after he failed to stem a revolt by conservative GOP members.
The delay leaves the credit status of the U.S. government in jeopardy with five days remaining before it begins running out of money to pay all its bills. The development came after a two-hour debate on the bill was abruptly ended earlier in the evening.
Mr. Boehner, knowing that a rejection could undermine his speakership, then joined other House GOP leaders in trying to pressure party members to reconsider their opposition. Just minutes from a roll call vote on the plan pushed by Speaker John A. Boehner, Republicans stunned the House by interrupting the debate and turning to routine matters while Mr. Boehner and his lieutenants tried to pressure reluctant conservatives into backing their plan. The House then went into a recess and shortly before 11 p.m., the leadership announced that no vote would be held Thursday.
It was unclear if the leadership intended to reconfigure the measure and try again Friday, but senior lawmakers were taking procedural steps to do so. The surprise postponement threw the endgame of the debt-limit clash into confusion and raised concerns among some on Capitol Hill that the government was lurching toward a default.
The White House and Senate Democratic leaders had been waiting for the House to act before making their next move with an eye on the Tuesday deadline set by the Treasury Department for raising the debt ceiling or facing the possibility that the government would not be able to meet all its financial obligations.