White House adviser David Plouffe suggested Sunday that Republicans had given up on the idea of holding the debt limit hostage in order to extract spending and entitlement cuts.
"We don't think short term is the way to go about this," Plouffe said on ABC's "This Week" in reference to House Republicans' new plan to raise the debt limit for three months.
"But on the other hand, this is a big departure for them, you know? They were saying, the only way they were going to pay the bills they've racked up is to basically hold the…"
Asked by host George Stephanopoulos if he thinks Republicans have "caved," Plouffe replied, "yeah, I think they have, on this principle, and that's very important."