Eric Cantor: House Will Stay Open Over The Weekend, Threatens Democrats With Default

Majority leader Eric Cantor has announced that the House of Representatives will remain in session throughout the weekend as the debt ceiling crisis continues to produce no results.

The House will meet on Saturday and Sunday and votes will start at 1 p.m. EDT. Some votes may occur on late Friday since lawmakers will not be returning to their home districts.

Among votes for Thursday is a plan proposed by speaker John Boehner (R., Ohio) which aims to reduce the debt ceiling and then increase the countries $14.29 trillion debt ceiling in two phases. Senate Majority leader Harry Reid (D., Nev.) has already said that the Senate will block that bill immediately.

In remarks directed at the Democratic party on Thursday Cantor told Harry Reid and his party that they needed to accept what was being given to them or “face the consequences.”

According to Cantor:

“Harry Reid has three different options,” while adding, “One is to suffer the economic consequences of default, which all of us hope he doesn’t choose. Two is to bring up the bill we sent prior … or to accept the compromise bill that we are sending over today…”

Sadly nobody wins when both parties are attempting to strong arm each other into bills that neither side is willing to accept.