Thursday, April 21, 2011

Politico: GOP escalates demands on Debt Ceiling Vote

Aside from his post in leadership, Cantor’s remark carries additional significance because he is the House Republican representative on a White House panel slated to examine the nation’s deficit in the months leading up to the debt ceiling increase. The Virginia Republican also warned that the panel, led by Vice President Joesph R. Biden and composed of members of Congress, needs “a clearly defined mission and a targeted purpose to be accomplished within a specific and binding timeframe.”

It sets the stage for an incredibly tricky political dance in the next few weeks between Senate Democrats, the White House and House Republicans over an issue that could shake international markets and the fragile economic recovery.