The GOP knows it will get $1.2 trillion in deficit cuts this year no matter what. That gives it less incentive to compromise with President Obama on a deal that raises taxes on the rich.
GOP leaders made a point of congratulating the tea party for its role in the debt ceiling debate. 'You've actually won,' Sen. Mitch McConnell said. But the movement sees only a job unfinished.
The haggling over the national debt-ceiling deal exposed a growing issue for Congress: the influence of ideological pledges is limiting prospects for compromise.
President Obama and the Senate appear to be on the same page in debt-ceiling talks. But House Republicans are so far holding firm on their no-new-taxes demands.
Senate Republican leader Mitch McConnell proposes a 'last choice option' that would allow President Obama to raise the national debt ceiling without GOP support.
Conservative groups had been worried that House Speaker John Boehner would agree to some tax increases in a deal to trim deficits and raise the debt ceiling.
President Obama is pushing for a comprehensive deal to raise the debt ceiling and trim long-term deficits. But any big deal will require arm-twisting in Congress, and time is running out.
Republican and Democratic leaders resume talks with President Obama Thursday on raising the national debt limit and bringing down the deficit. Will anyone bring more to the table this time?
On Monday, President Obama and Vice President Joe Biden will hold meetings with Sens. Harry Reid and Mitch McConnell to discuss the status of the debt talks.