Senate Minority Leader Mitch McConnell (R-Ky.) says the White House and Hill Republicans are “very close” to a $3 trillion debt ceiling deal that would include a two-step process to approve an immediate hike in the nation’s borrowing power and a second vote later that would require two-thirds of Congress to disapprove of a new increase. The process, McConnell told CNN, would fulfill Obama’s demand that any deal take him “through the next election” and include a bipartisan commission to recommend new cuts and revenue enhancement that would report its findings by Thanksgiving.
McConnell added that he is “very, very close to being able … to recommend to my members that this is something that they ought to support.”
Will the Tea Party erupt in anger? Spit on someone? Craft more racist signs for the next rally?
Will Rush Limbaugh pop that little unit behind his ear out of his head like a turkey that is finished in the oven?