Debt-limit Negotiations: A Game of Chicken Over Chicken Feed

By:  Bob Adelmann
06/27/2011
       
Debt-limit Negotiations: A Game of Chicken Over Chicken Feed

When House Majority Leader Eric Cantor (R-Va.) announced he was leaving the negotiations over raising the debt limit on Thursday, he made it clear that he felt he was getting pressured by the Democrats to accept tax increases as part of the deal. He said:  “Each side came into these talks with certain orders, and as it stands the Democrats continue to insist that any deal must include tax increases. Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue.”

On his heels was the only other Republican involved in the negotiations, Sen. Jon Kyl (R-Ariz.). On Monday, the President has planned a meeting with Boehner, Senate Majority Leader Harry Reid (D-Nev.), and Senate Minority Leader Mitch McConnell (R-Ky.) to continue the negotiations.
 

When House Majority Leader Eric Cantor (R-Va.) announced he was leaving the negotiations over raising the debt limit on Thursday, he made it clear that he felt he was getting pressured by the Democrats to accept tax increases as part of the deal. He said:  “Each side came into these talks with certain orders, and as it stands the Democrats continue to insist that any deal must include tax increases. Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue.”

On his heels was the only other Republican involved in the negotiations, Sen. Jon Kyl (R-Ariz.). On Monday, the President has planned a meeting with Boehner, Senate Majority Leader Harry Reid (D-Nev.), and Senate Minority Leader Mitch McConnell (R-Ky.) to continue the negotiations.

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