Default looms with no deal reached
WASHINGTON — A frantic day of legislative maneuvering ended in futility for Speaker John A. Boehner on Tuesday, as the most conservative members of the House refused to back his proposed compromise to end the standoff over the federal budget.
The failure leaves a bipartisan Senate plan negotiated by Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) as the sole way out of a stalemate that risks a U.S. default on its bills and huge economic disruptions.
A bill that passed the Senate would receive Democratic support in the House, guaranteeing a majority if Boehner were willing to bring it to the floor even without the backing of most Republicans. He is widely expected to do so, however, having run out of time for other options.
Earlier in the day, Boehner reiterated that he opposed allowing the government to risk default.
"I have made clear for months and months that the idea of default is wrong, and we shouldn't get anywhere close to it," he said.
Shortly after House leaders officially called off a vote on their most recent plan, spokesmen for Reid and McConnell said Senate talks were resuming. They had paused for the day to allow Boehner (R-Ohio) a chance to get a bill through the House.
The two leaders are "very close" to a deal, a top Senate aide said.
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