By Mike Lillis - 07/21/11 04:28 PM EDT
House Minority Leader Nancy Pelosi (D-Calif.) said Thursday that a deficit-reduction plan being crafted by the Senate's Gang of Six "contains some good principles" but is hardly the only option on the table.
"We have many [options]," Pelosi said Thursday during a press briefing in the Capitol. "We have Simpson/Bowles, we have Domenici/Rivlin, we have the Center for American Progress, we have the Center [on] Budget [and] Policy [Priorities]."
"We have, across the spectrum, many good resources — Mr. Peterson's institute [The Peter G. Peterson Foundation] — many good suggestions that we can draw upon to have a balanced bipartisan solution to this."
"This [the Gang of Six plan] would be one of them," she added.
Pelosi was quick to clarify that she hasn't seen the details of the Gang of Six plan, but she was supportive of their efforts to seek a balance between spending cuts and revenue raisers.
"It's about, again, making the cuts to reduce the deficit in a way … that is bipartisan and … balanced."
She added: "Whatever we do has to create jobs."
Two Democrats negotiating that package — Sens. Kent Conrad (N.D.) and Mark Warner (Va.) — briefed a number of House Democrats on their plan Wednesday, but Pelosi was not among them.
The California liberal also declined to discuss the Wednesday meeting between congressional leaders and President Obama, saying only that "we're moving in a forward direction."
With the Treasury's Aug. 2 default deadline inching closer, congressional leaders have all but conceded that it won't be possible to pass a large deficit-reduction package alongside legislation to raise the $14.3 trillion debt limit.
“Given the fact the clock is ticking … there’s not going to be an opportunity to take any specific action on this proposal between now and August 2,” Rep. Chris Van Hollen (Md.), senior Democrat on the House Budget Committee, said Wednesday, referring to the Gang of Six plan. “We’ll have to look at our options.”
Pelosi said it's too early to gauge Democratic support for any grand bargain, but indicated the burden of paying the country's obligations falls on lawmakers of both parties.
"Members will vote when they see what that product is," she said. "We all have an obligation to prevent our country from going into default."