Speaker John Boehner announced this morning that there will be a vote today in the House on the Republican debt plan. The Republican leadership also said that there were only a “handful of members” prevented the vote from taking place last night.
The Hill reported:
House GOP leaders expressed confidence Friday morning that they would move a vote on raising the debt ceiling one day after they had to pull their Speaker’s measure from a planned House floor vote.
Majority Leader Eric Cantor (R-Va.) said “just a handful of members” had a problem with the bill that was pulled from a scheduled House vote on Thursday.
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Cantor made the remark before a meeting of the House GOP conference on Friday morning. He said GOP leaders were going to talk to their members when he asked about the possibility that Speaker John Boehner’s (R-Ohio) bill would be changed.
GOP members are meeting against an increasingly turbulent economic backdrop. The nation’s economy grew at a worse-than-expected 1.3 percent rate in the second quarter of the year, and estimates on first-quarter growth were downgraded to 0.4 percent from an already slow 1.9 percent.
Stocks tumbled more than 100 points on the Dow Jones Industrial average at the opening bell, before picking up some of those losses in early morning trading.