The RP’s Budget Crisis Update- July 27

From The Washington Post, a useful graphic comparing the Reid and Boehner plans. [Washington Post]

Time magazine’s Jay Newton-Small has compiled a list of possible results of the debt talks, with analysis on why and how each possibility might happen. [Time]

GOP presidential candidates have been less-than-welcoming to the Boehner debt-reduction plan, with only former Utah governor Jon Huntsman embracing the plan fully. Former Minnesota Governor Tim Pawlenty, Minnesota Congresswoman Michele Bachmann, and Texas Congressman Ron Paul have all come out against the plan. [Washington Post]

The chief economist for Moody’s Analytics has said that a credit downgrade for the United States would not be “the end of the world.” Though acknowledging that interest rates would rise, Mark Zandi said on CBS that they would not rise too drastically and a return to AAA rating could come quickly. [National Journal]

Reflecting a recent study by Barclays, the United States may be able to keep paying its bills until August 10, having taken in more and disbursed less money than initially anticipated. [NY Times]

Dissatisfied with Speaker Boehner’s leadership in the House, Tea Party Patriots founders Jenny Martin and Mark Meckler have suggested that a new speaker may be in order. Citing his lengthy Washington experience and ingrained political habits, they did not go so far as endorsing someone to replace Boehener, though Meckler mentioned Michele Bachmann as a possibility if she weren’t running for President. [National Journal]

For the second day in a row, President Obama has no scheduled meetings to discuss the debt debate with Congressional leadership. Though spokesman Jay Carney has insisted that the President has been involved with debt negotiations, it increasingly looks as though the final deal to be presented to him will be hammered out between competing bills in the House and Senate. [Washington Post]

Although tensions remain high within the House Republican Caucus, the likelihood of the Boehner debt plan passing the House seems to be climbing. This is in spite of a recent e-mail leak from inside the Republican Study Committee, a caucus of conservative Republicans, that indicated which members of that group might or might not support the plan. [National Journal]

Former Republican presidential candidate John McCain has lashed out at Tea Party-leaning Republicans who have demanded a balanced budget amendment as part of any debt ceiling agreement. Reading from a Wall Street Journal editorial that envisioned hardliner Republicans as denizens of a Tolkein-esque fantasy world, McCain blasted the notion of an amendment as unrealistic given the Democratic majority in the Senate. [The Hill]