Too Late for the Grand Bargain?

More

Alexis Simendinger explains that the grand bargain Obama is demanding is already out of reach.

Writing any legislation takes time, and moving it through the House and Senate could take longer. Even if the president and the eight congressional leaders from both chambers suddenly sprinted to the Rose Garden waving a grand bargain sketched on legal pads, congressional enactment before the default-clock tolls is close to impossible, according to budget experts interviewed by RCP.

That's why Senate Minority Leader Mitch McConnell took the first stab on Tuesday at an emergency escape hatch. His proposal would effectively abandon Congress' legislative responsibility to approve the administration's requests to lift the nation's borrowing authority, and instead cede Obama the power -- and presumably the political blame, should voters object.

Putting aside for the moment details of McConnell's fallback idea, which appears unlikely to get serious traction among the House GOP, his search for a short-term fix was a signal that the usually canny Kentucky Republican now believes his colleagues need to identify Plan B.

If not McConnell's stratagem, then what?

Jump to comments
Presented by

Clive Crook is a senior editor of The Atlantic and a columnist for Bloomberg View. He was the Washington columnist for the Financial Times, and before that worked at The Economist for more than 20 years, including 11 years as deputy editor. Crook writes about the intersection of politics and economics. More

Crook writes about the intersection of politics and economics.

Get Today's Top Stories in Your Inbox (preview)

What Do You See When You Look in the Mirror?

In a series of candid video interviews, women talk about self-image, self-judgment, and what it means to love their bodies


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Adventures in Legal Weed

Colorado is now well into its first year as the first state to legalize recreational marijuana. How's it going? James Hamblin visits Aspen.

Video

What Makes a Story Great?

The storytellers behind House of CardsandThis American Life reflect on the creative process.

Video

Tracing Sriracha's Origin to Thailand

Ever wonder how the wildly popular hot sauce got its name? It all started in Si Racha.

Video

Where Confiscated Wildlife Ends Up

A government facility outside of Denver houses more than a million products of the illegal wildlife trade, from tigers and bears to bald eagles.

Video

Is Wine Healthy?

James Hamblin prepares to impress his date with knowledge about the health benefits of wine.

Video

The World's Largest Balloon Festival

Nine days, more than 700 balloons, and a whole lot of hot air

Writers

Up
Down

More in Politics

Just In