The White House is open to a brief extension of the debt ceiling if there is a legislative agreement in sight, Democrats familiar with the situation said Friday.
At midnight Friday, there will be 96 hours left before the U.S. exceeds its borrowing authority, and Democrats say there has been almost no communication between the White House and Speaker John BoehnerJohn BoehnerFormer House leader Bob Michel, a person and politician for the ages Former House GOP leader Bob Michel dies at 93 Keystone pipeline builder signs lobbyist MORE's (R-Ohio) office.
Reid is trying to put together a plan that could pass muster in both the House and the Senate.
The only deal breakers for the White House continue to be a second debt-limit vote that would take place before the 2012 election and legislative attacks on the president's healthcare law.
During earlier discussions between the White House and BoehnerJohn BoehnerFormer House leader Bob Michel, a person and politician for the ages Former House GOP leader Bob Michel dies at 93 Keystone pipeline builder signs lobbyist MORE's office, the possibility was discussed of including a trigger that would end the insurance mandate in the healthcare law. The White House said it would not agree to that term.
Negotiations with House Republicans have been put on hold until Boehner's bill is approved by the House and is defeated in the Senate Friday night.
Senate Democrats are expected to approve a motion tabling Boehner's measure, which could allow it to be used as a vehicle for a future compromise bill to raise the debt ceiling.