To buy longer time for “grand bargain.”
Says he’d accept it as part of bigger agreement.
But clock ticking as McConnell preps Plan B.
Would allow raise with $1.5 trillion in spending cuts. MORE
Fear Republicans will be blamed for default. MORE
Finally, an agreement on the debt ceiling is in sight—but let’s not forget that it will hurt the... MORE
Pelosi says “bravo” to GOP leader’s proposal. MORE
Michael Medved says punting on debt would be a disastrous move by desperate Republicans. MORE
Business leaders beg for a deal as debt talks end in acrimony and Obama gets tough with Republicans.... MORE
Mitch McConnell has a reputation for political cunning.... MORE
Says White House acting like “Jell-O.” MORE
But proposal angers conservatives.