Anchored by Jake Tapper, The Lead airs at 4 p.m. ET on CNN.
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The Washington Post's Bob Woodward is probably having déjà vu. In his book "The Price of Politics," Woodward wrote about the intricate negotiations between President Barack Obama and House Speaker John Boehner over the debt ceiling in 2011 and the fiscal cliff in 2012.
Given that the U.S. government is currently shutdown, and a debt ceiling deadline is fast approaching, it appears the relationship between Obama and Boehner is getting worse.
"It makes your head hurt, because I mean, the speaker's chief of staff Mike Summers is quoted in the book saying that, 'We, the Republicans in the House, are primarily a blocking majority.' That means they're playing defense, they are going to stop things," said Woodward.
In one week, the Treasury will run out of cash to pay its bills if Congress fails to raise the debt ceiling. House Republicans are now offering a six-week extension of federal borrowing to avoid that scenario.
But what about the government shutdown – the consequence of inaction on federal spending and bitter partisan warfare over Obamacare that has gripped the nation since last Tuesday and shows no sign of ending?
There are reportedly enough votes to pass a “clean” funding bill to refill federal coffers – one that would not include big Republican demands that the president’s signature healthcare initiative be defunded or delayed.
In an op-ed for USA Today, Republican Rep. James Lankford wrote, "Republicans have asked for two things on Obamacare and one thing on the debt ceiling." Lankford did not mention defunding Obamacare.
"That's currently off the table now," Lankford said in an interview on "The Lead with Jake Tapper," referring specifically to the debt ceiling deal.
Independent Senator Angus King is skeptical about a short-term deal to lift the debt ceiling.
"It's just going to make the markets skittish for another six weeks, or whatever," said King. "I don't see why we can't just get that off the table."
"I understand there are people who basically are denying that this is going to be a real problem. We don't have to speculate on that," said King, who then ticked off the consequences of the debt ceiling debate of 2011: the stock market fell 2,000 points in just a few days, $2.4 trillion of wealth was wiped out, job creation went down, interest rates went up, and mortgage rates went up.
"To even be talking about this is ridiculous," said King.
In a closed-door meeting with House Democrats Wednesday, President Barack Obama said he would agree to a short-term debt limit increase if Republicans were on board, according to a Democrat who was in the meeting.
If such a bill were to pass, it would probably last just six weeks.
Obama and Speaker of the House John Boehner will come face-to-face Thursday. The president invited the entire House Republican caucus to the White House, but the speaker declined, and said only GOP leadership will attend.
A House Republican told CNN that the Republicans will push for a short-term extension to the debt limit, and will not be talking about reopening the government.
"I don't understand it, frankly. It gets us off our crisis footing this week, but we're going to be back on a crisis footing at Thanksgiving, or sometime," said Independent Senator Angus King, of Maine.