Democratic and Republican leaders in both chambers of Congress will meet with their caucuses Monday for a hard sell of a compromise debt-reduction package that gives President Obama up to a $2.5 trillion hike in the debt limit as long as lawmakers can find an equal or greater amount in spending cuts.
Party leaders are corralling their troops to take a head count of the votes needed to pass the legislation that President Obama said Sunday night will “life the cloud of uncertainty that hangs over our economy” and prevent the nation from potentially defaulting on its financial obligations.
Hard-right Tea Party-backed Republicans, hard-left progressives and Congressional Black Caucus members have already whipped up a frenzy over the deal.
One House GOP lawmaker who told Fox News he intends to vote against the plan emerged from the call saying he doubted it was 98 percent in the GOP’s favor.
“The minority leader’s on board,” said the lawmaker who requested anonymity in order to speak freely. “Really? Nancy’s cool with only 2 percent? She’s that stupid?”