At his press conference Thursday, House Speaker John Boehner said he's confident the House will pass his plan to raise the debt ceiling in a vote this evening. While hardline Tea Partiers could still foil its passage, political observers are giving Boehner the benefit of the doubt, looking ahead to where the House Speaker and Senate Majority Leader Harry Reid could broker a deal. Ahead of Boehner's afternoon presser, Reid vowed to defeat the bill in the Senate immediately following the House vote. If that happens, the two sides will likely have to compromise to the point where a proposal can pass in both chambers. So what will each side have to give up? Here's what D.C.'s astute class of political analysts are predicting.
Spending Cuts National Journal's Major Garrett says Reid and Boehner may be able to find common ground on discretionary spending. Boehner's original bill sought $7 billion in cuts. His redrafted bill moved the number up to $22 billion. "If Boehner started at $7 billion and has jumped up to $22 billion, a middle number would be $15 billion," writes Garrett. "That’s a first-year discretionary spending cut that might work for both sides and reflect a true middle ground." Reid has also reached out to Republicans on another way to close the gap, reports Time's Jay Newton-Small. ", Democrats are proposing to immediately pass $1.2 trillion in spending cuts along with the debt ceiling hike, followed by the formation of a commission to look for more savings." What kind of mandate that commission is given is subject to debate.