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More conservatives plead with GOP to abandon debt-ceiling ultimatum

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As the GOP begins a three-day retreat Wednesday to plot out legislative strategy, The Wall Street Journal reports that party leaders have grown "anxious" about the debt-ceiling standoff, writing that some members are worried "about the economic impact of the government's possibly missing some payments."

More important, Republican leaders are facing growing pressure from traditional allies outside of Congress, many of whom clearly view the fight as damaging for the country and suicidal for the party. Business groups like the Chamber of Commerce have been urging Republicans to back down on the debt ceiling for weeks now. As The New York Times's Jackie Calmes reports, it's creating an unusual shifting of alliances, with the White House asking business leaders directly to lobby Republicans on the matter. The piece quotes David Cote, the Republican CEO of Honeywell, as saying: "I'm agreeing with the president – you should not be using the debt limit as a bargaining chip when it comes to how you run the country."

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