Everyone seems pretty cross at this juncture in the fight over raising the debt limit. As this is written, the House has just passed the bill that Speaker John Boehner yanked from the floor Thursday night and then revised with a balanced-budget amendment on Friday. The Senate has yet to pass Majority Leader Harry Reid’s measure that in many but not all respects is not that much different.
It looks like the Senate will approve Reid’s measure and that the two bills, framed in a way that makes compromise relatively easy, will be melded into one version that could be passed by bipartisan majorities of both houses in time to meet the supposedly hard deadline of Tuesday, August 2.
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