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Once More Unto the Budget Breach

Tom Williams/CQ Roll Call
Speaker John Boehner demanded that an expected year-end debt limit increase be offset with equal or greater spending cuts or reforms — the same demand he made last year, dubbed the “Boehner Rule.”

The aide noted that Members are skeptical because the $2 trillion savings claimed in Julys debt limit deal could still evaporate, noting that the Joint Committee on Deficit Reduction failed in its mission and Members on both sides of the aisle are trying to turn off the sequester.

Democrats, meanwhile, arent eager to rejoin talks with Boehner after the House reneged on the spending levels agreed to in the Budget Control Act.

It is pretty galling for Speaker Boehner to be laying down demands for another debt ceiling agreement when he wont even abide by the last one, said Sen. Charles Schumer (D-N.Y.), the partys messaging chief. The last thing the country needs is a rerun of last summers debacle that nearly brought down our economy.

But for all the partisan bickering, there was bipartisan consensus on one fact: Democrats and Republicans believe the lame duck will see a temporary solution, rather than permanent fixes.

House Budget Chairman Paul Ryan (R-Wis.) and ranking member Chris Van Hollen (D-Md.), both summit speakers, agreed that the chances of reaching a large agreement by the end of the year are remote.

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