• biggish Republicans appear ready to agree to a $2.4 trillion debt-cutting agreement to allow the debt ceiling to go up, and to help prevent the country from defaulting on its loans. It’s something that Republicans have been fighting towards for a while. So what’s this drama we’re hearing about Boehner backing down last night?
• bigger However, Obama’s eyeing a different deal — a much-larger $4 trillion one, which (over the next decade) would increase taxes for the top-fifth of incomes by cutting back tax credits and deductions — but in the process, trimming the debt significantly. Is it us, or does Obama seem more serious about fixing this issue? source

Posted by Ernie Smith • Permalink