Speaker John Boehner, R-Ohio, just ended a conference call with GOP House members, telling them there is no deal on raising the debt ceiling yet, even as the Asian markets are set to open. He told those on the call that the goal is to find a measure that embodies the principles of the House GOP's "cut, cap and balance" but which can also pass the Senate. Majority Leader Eric Cantor, R-Va., who was also on the call, told those listening that he is seeking "dollar for dollar cuts now" as a down payment for future action to cut the nation's deficit. Read More

House Speaker John Boehner held a conference call this afternoon with his rank and file members and told them he wanted a deal on raising the natin's $14.3 trillion debt ceiling by 2 p.m. Sunday in order to avoid rattling the Asian Markets, those familiar with the call said. Boehner told members he is aiming for a deal that encompasses the framework of the GOP's "cut, cap and balance" plan to cap spending, cut the budget by $111 billion and pass a balanced budget amendment. Read More

House Speaker John Boehner, R-Ohio, has nixed the idea of holding debt limit negotiations at Camp David this weekend. President Obama had been considering the change in venue for the talks, which have yielded few agreements and have become more tense and angry in recent days. But Boehner spokesman Michael Steel told reporters Thursday morning that Camp David is out. “The Speaker has told the White House he sees no need to go to Camp David this weekend,” Steel said. Read More

Senate Majority Leader Harry Reid, D-Nev., abruptly cancelled a vote scheduled for Tuesday on a resolution that would have given approval for the U.S. military involvement in Libya. Reid said despite "broad support" for the resolution, "the most important thing for us to focus on this week is the budget." Reid has scheduled a vote this week on a non-binding bill that would call for millionaires to pay more in taxes. According to GOP aides, the bill can't come up until Thursday, leaving the Senate with little to do until then. Read More

Speaker John Boehner, R-Ohio, has issued a statement calling on President Obama to get involved in the debt limit talks that have come to a stalemate. Boehner also said in the statement that the deal cannot include tax increases because such a proposal could not pass in the House. The statement comes in response to one issued Thursday evening by Vice President Joe Biden, who said the deal should include cuts across the budget, closing tax loopholes and sacrifices "that include the most fortunate among us." Here's the statement: Read More

Former Utah Gov. Jon Huntsman's presidential candidacy is just hours old but he's already picked up a Democratic endorsement. Senate Majority Leader Harry Reid, D-Nev., said if he had to choose between the two Mormon Republican candidates running for president, he'd pick Jon Huntsman. Reid, who is also Mormon, made the choice in response to a question asked by a reporter at his weekly news conference, and he used the occasion to rip into the Republican field's frontrunner and fellow Mormon Mitt Romney. Read More

Rep. Anthony Weiner, D-N.Y., will resign his seat, Democratic sources confirm to The Washington Examiner. Weiner has been under increasing pressure to step down over lewd pictures and texts he sent to women via social media sites. Weiner on Monday asked for a two-week leave of absence in order to seek rehabilitative treatment of some kind, but the Democratic leadership said that wasn't enough. They were scheduled to meet today to strip him of his lone committee assignment on the Energy and Commerce Committee. Read More