Walsh told "The Early Show" on CBS that it's more important to find a viable solution than to reach a deal by Aug 2. As of now, he said, he cannot vote for Boehner's proposal, but called it a "step in the right direction."
"We are so obsessed with Aug. 2. I think what's important is that we get this right."
Sen. Jeanne Shaheen (D-N.H.) told CNBC that time is running out and a compromise needs to be reached. She said she was concerned that the House proposal is only a short-term solution and could cause more uncertainty.
"I think we need to look at revenue, but I'm willing to say the most important thing for us to do is to raise the debt ceiling, to get it done."
Ken Langone, Home Depot co-founder and guest host, questioned Shaheen on how to deal with an unsustainable deficit. He added that he thinks earned income should be taxed at a lower rate than income from investments.
Langone said the regulation that has come out of Washington in the past few years is impeding job growth.
Bachmann spoke with CNN on the debate, saying she is adamant she will vote "no" to raise the debt ceiling. She believes the priority should be paying down the interest on the debt.
Bachmann said people out on the campaign trail are asking for government to cut spending.
"All of the plans that are out there start with the wrong premise and their premise is this: raise the debt ceiling."
Rep. Elijah Cummings (D-Md.) said he thinks a clean debt-ceiling bill will end up passing in the end, telling MSNBC the debate has been "manufactured." Cummings predicted the Boehner bill will pass the House today, but will be "dead on arrival" in the Senate.
He suggested the president will then have to step in to sign a clean debt-ceiling extension.
"I think we are at a point where clearly the Republicans have pushed and pushed, have not given much at all ,and I think we are going to end up at a stalemate."