The GOP called at least one Obama bluff; the president's artificial "deadline" to reach an agreement.
House Republican leaders have missed a 36-hour deadline President Obama set during a Thursday meeting for lawmakers to give him a plan to avert a national default.
The deadline came and went Saturday morning without a response from House Speaker John Boehner (R-Ohio).
Instead, Boehner and House Majority Leader Eric Cantor (R-Va.) plan to move the Cut, Cap and Balance Act on the floor next week, which would require passage of a balanced budget amendment to the Constitution before the debt limit is raised.
A House GOP leadership aide said at noontime Saturday that Boehner and Cantor did not send Obama a revised proposal to raise the debt-limit, as the president requested.
A White House official said talks continue despite the missed deadline.
Posturing from the president about "deadlines" and "ultimatums" only serves to show his weakness. Beohner was right to ignore the game playing by the White House. Obama's fear mongering hasn't worked so far and it is unlikely to impact the talks at this late date.