July 7, 2011
HAS BILL CLINTON BECOME HIS DICK MORRIS?
Brink of a Grand Bargain?: With Obama positioning himself as a budget-cutting pragmatist and GOP leadership showing flexibility, Howard Kurtz reports that a debt ceiling agreement seems more within reach than ever. (Howard Kurtz, Jul 7, 2011, Daily Beast)
[R]epublicans are suddenly sounding more positive about an elusive agreement. A GOP leadership source said House Speaker John Boehner told his caucus that the odds were “maybe 50-50” of reaching a deal within 48 hours—although the source said it would take longer than that, with the president having called another meeting for Sunday. That is a more upbeat assessment than anyone associated with the talks has voiced publicly so far.Posted by Orrin Judd at July 7, 2011 4:55 PM
Republicans were greatly encouraged by the administration’s willingness to consider substantial cuts in Medicare and Medicaid, the source said. At the same time, the GOP has signaled a willingness to accept Democratic proposals for certain tax increases—but only, based on the party’s mantra, if offsetting tax reductions are made at the same time.