By Julie Hirschfeld Davis and James Rowley -Bloomberg News
House Republican leaders, four days before a threatened U.S. default and facing stiff resistance within their ranks to raising the U.S. debt ceiling, plan to make a second try at passing legislation that is headed for a Senate roadblock.
Republicans led by House SpeakerÂ John Boehner were forced to scrap action on the measure late last night. They are considering a rewrite for a second time this week after face-to- face meetings with recalcitrant lawmakers failed to yield the votes to push it through the House.
Skeptics concerned that the plan wouldnâ€™t do enough to rein in the debt were insisting on conditioning part of the borrowing boost on congressional passage of a balanced budget amendment to the Constitution.
The measure should be amended to â€œsomething transformative that transcends election cycles and has some degree of permanency to it,â€ said Republican Representative Trey Gowdy ofÂ South Carolina, a freshman opponent of the measure who met with House leaders for three hours last night as they struggled unsuccessfully to build support for the bill.
The delay was a setback for Boehner and his leadership team, forcing them to delay a vote until today. They implored Republicans to back a measure that President Barack Obamaâ€™s advisers have said he would veto and Senate leaders promised to quickly defeat.
The Treasury Department has set an Aug. 2 deadline for raising the $14.3 trillion debt limit to avert a default. Senate Democrats, working to break the impasse, were trying to devise a strict enforcement mechanism to guarantee future deficit savings, according to Democratic officials.
There was little time to strike a deal, though Democrats said the demise of the House bill may force a compromise.
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