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Friday, July 29, 2011

Vote On Boehner Debt-Ceiling Bill, Take Two

Last night the was supposed to vote on House Speaker John Boehner's debt-ceiling bill, but the vote was postponed because of a lack of support for the bill by House conservatives, as written.

Today we see there has been an addition to the bill, language guaranteeing a vote on a balanced budget, which has turned the tide in favor of Boehner's bill and now have many of those that were opposed stating they will vote yes.

House Republicans will link passage of a balanced-budget amendment to Speaker John Boehner’s (R-Ohio) last-ditch debt-ceiling plan, which GOP lawmakers said would move the measure to passage in a high-stakes vote later on Friday.

Republican lawmakers voiced confidence the enhanced bill would pass muster with conservatives, as Rep. Mo Brooks (R-Ala.) predicted the balanced-budget amendment change would bring 10 to 20 more GOP members on board.

Rep. Jeff Flake (R-Ariz.), a key holdout, and a Senate candidate, quickly took to Twitter after the meeting to say that he was a yes vote. The conservative Club for Growth also offered a tentative endorsement.

Republican lawmakers say the Boehner framework would still pave the way for the debt limit to be raised through the 2012 election in two chunks. But it would also mandate that the second hike of the ceiling could only occur after a balanced-budget amendment passed both chambers of Congress and went to the states for ratification.

National Journal provides an embedded version of the latest bill's language.

Harry Reid is already threatening to kill the bill in a hostile Senate but with just days to go, that would publicly lay any default squarely on Senate Democrat's shoulders, since they have already killed the Cut, Cap and Balance Act which passed the House earlier this month and included a debt limit increase.

[Update]House passed it as expected and the Senate Democrats killed it.