The public failure of House Speaker John Boehner (R-Ohio) to secure the 217 votes needed to pass his debt ceiling compromise Thursday is a major setback for him personally but may not change all that much in the calculus of a deal in advance of the Aug 2. default deadline.
Senate Majority Leader Harry Reid (D-Nev.) had already said the Boehner bill was DOA and now he has absolutely no incentive to even consider the provisions in the legislation if (and that?s a big ?if?) it can even pass the House.
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Source: http://feeds.washingtonpost.com/click.phdo?i=fbb2e2c9f7ba694520dab41938ec7b38
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