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Yesterday House Majority Leader Eric Cantor (R-VA) signaled that House Republicans are ready to surrender on the debt ceiling. But he still threatened a government shutdown, saying members of Congress will not be paid unless both the Senate and House agree to a budget. New York Magazine‘s Jonathan Chait writes the congressional pay threat may run afoul of the Twenty-seventh Amendment, and Paul Krugman warns that the GOP tactics have shifted from extortionists to con men. Will the budget be resolved without a shutdown?