No Deal

carney_0214

Carney says breaking news alert is false, “no progress” to report at top of Thurs briefing.

And/but: NY Times (whose report set it all off, including a market rally) stands by notion of looming Obama-Boehner grand bargain.

Plus, Pfeiffer tweets: “Anyone reporting a $3 trillion deal without revenues is incorrect. POTUS believes we need a balanced approach that includes revenues.”

2 debt deal watching rules: (a) non-denials are not denial. And (b) just because party leaders agree doesn't mean a deal has enough House votes to pass. Much of the press will go gaga when/if a deal is announced and act like it is a sure thing to become law. Given that House passage will require, in effect, a joint McCarthy/Hoyer whip operation, it is a mortal lock that any grand bargain will go to the floor without certainty over where the votes will come from -- or what the outcome will be.
Related Topics: White House

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