Possible 'Grand Bargain' on budget, debt, in the works

Speaker of the House John Boehner is floating the idea of a return of "The Grand Bargain" where tax reform, entitlement reform, and budget cuts become the essence of a deal to fund the government and raise the debt limit. If this were August and not the 3rd of October, with the government already shut down and being two weeks away from possible debt default, there might be a chance for some kind of broader deal. But there is no way such a sweeping agreement can be reached in the time left to Congress. Too many committee heads would want to put in their two cents, too many deals on intractable issues like chained CPI would have to be hammered out, not to mention that very little would be done to stop or delay Obamacare. Robert Costa at NRO: "It's the return of the grand bargain," says one House Republican, who requested anonymity to speak freely. "There weren't a lot of specifics discussed, and the meetings were mostly about just checking in. But he's looking hard at the...(Read Full Post)