House Republicans have sent the White House a revised proposal to lift the debt ceiling for six weeks, as well as reopen government through December 15th, which was their original spending proposal before the partial shutdown. The revised GOP plan reflects the demands Obama made in a meeting with House GOP Leaders on Thursday. It also reflects the unwillingness of the DC GOP to face a fiscal showdown with Democrats.
The proposal would fund Obamacare, lift the debt ceiling, reopen the government, and reverse sequester cuts.
In exchange for meeting, at least momentarily, all of Obama’s demands, the House GOP is seeking a “framework” for future negotiations on addressing longer-term budget issues. These negotiations would be led for the Republicans by Rep. Paul Ryan, who is likely to seek a “grand bargain” resolving the nation’s structural budget problems.