The deadline looms. The President has a news conference. Senators confer.
We are close to a deal, says Politico. There is a framework in place, says Fox News. I hear the plan calls for raising $800 billion in new revenues by ending the Bush tax cuts on those making over $450,000/yr and by terminating the payroll tax holiday. "Shockingly", there are no spending cuts.
As I noted a couple of weeks ago, we've seen this movie before. It wasn't that good the first time.
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