In the House, budget chairman Paul Ryans allies tell me hes leading the talks, and looking hard at a package that would extend the debt ceiling for six weeks and include a handful of conservative provisions, such as strengthening the eligibility requirements for Obamacare and an elimination of the federal contributions for congressional health-care plans. But this gambit is far from policy; its more of a contingency plan, should Republicans struggle to craft an alternative.
A lot of what we do is going to depend on three things: the markets, the Senate, and our next conference meeting, says a House GOP leadership aide. Were working with our members to finalize our plan, and were keeping an eye on the Senate. Were also going to be ready to pass a short-term, six-week bill, should we all need some more time to come together.