Tea Party Coalition Rejects Boehner's Debt Proposal (UPDATE)

Tea Party Coalition Rejects Boehner's Debt Proposal (UPDATE): "UPDATE: 4:10 p.m. -- A coalition of Tea Party chapters and conservative lawmakers on Monday rejected the debt proposal put forward by Speaker John Boehner (R-Ohio), despite his efforts to sweeten the deal with provisions favored by his conservative base.

The Cut, Cap, Balance Coalition, which boasts hundreds of Tea Party groups and more than 100 GOP lawmakers in its membership, is citing two provisions in Boehner's proposal that amount to deal-breakers: its call for creating a Congressional Commission and its inclusion of a balanced budget amendment that, according to the group, is only for show.

'A symbolic vote on a balanced budget amendment at some later time minimizes its importance, as it will not be tied to an increase in the debt ceiling,' reads a statement from the coalition. 'A BBA that allows a tax increase with anything less than a 2/3 supermajority is not a serious measure.'"