Analysis: Eric Cantor on why today’s debt limit fight is different from 2011
of Kevin as speaker. There were many concessions needed in order to convince the very small group of individuals who were holding out [to vote for him]. I do think that has a lot to do with how the House will proceed, because there were commitments made, and expectations along with those commitments that [certain] things would happen. When you’ve got a 20-some-vote margin, you're not necessarily going to be held hostage the way that we saw on display a few weeks ago.
” Biden has said he is not going to negotiate over the debt limit this time around. Do you believe him?It’s somewhat ironic, given the fact that he led the negotiations for the Obama administration. I give him credit for conducting and leading discussions [in 2011] that actually produced results. We actually came up with over $1.6 trillion worth of savings the two sides agreed upon. I’m not sure there's as much now, but there is room for some agreement.
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