The WaPo reports on the debt ceiling kabuki:
White House signals openness to short-term debt extension if tied to ‘larger deal’
President Obama would consider a short-term measure aimed at raising the nation’s debt ceiling and avoiding a default by Aug. 2 if Congress agrees to a larger, long-term deficit-reduction and debt-ceiling deal and needs “a few days” to finalize the legislation, his spokesman said Wednesday.
Oh for heaven's sake - is Obama really going to hold the economy hostage if Congress can't deliver him a bit of legacy by early August? If the Gang of Six claims they need a three month extension while they search for votes in the House (Good luck!) will Obama veto it? Please. Obama will sign anythig that reaches his desk, and smile and say thank you. Then the press will hail his leadership.