Is a grand bargain the only way out?

It’s about the only common thread these days that runs from House Republican leadership down through the rank and file. Most House Republicans privately concede they’re fighting a battle they’re unlikely to win, and to avoid a prolonged shutdown and a disastrous debt default, Washington has to create a package so big that lifting the borrowing limit and funding the government is merely a sideshow.

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The players are well-positioned, the current situation is seemingly intractable and both parties want to slice the debt. But the prospect of a grand bargain face both immediate and longer-term hurdles. President Barack Obama and Democratic congressional leaders refuse to negotiate until the government is reopened, and even then, they remain deeply skeptical that a sweeping deal is possible, given the GOP’s opposition to new revenue.

“I want to get a budget agreement,” Rep. Paul Ryan (R-Wis.) told POLITICO on Wednesday. “That’s what we’ve been about all along. So yeah, we think the issues are converging — [the continuing resolution] and debt limit — and from the get-go, we wanted to get a budget agreement to grow this economy and get this debt under control, especially before the Federal Reserve starts raising interest rates. I think it’s in our nation’s interest to do that. And that’s one of the things we’re fighting for in addition to relief from Obamacare — or fairness from Obamacare.”

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