Worth Clicking: Blasts from the past wound Romney
July 30, 2011
ABC News reports that Republicans and the White House have struck
a tentative deal to raise the debt ceiling.
Key features of the agreement:
- Debt ceiling increase of up to $2.8 trillion
- Spending cuts of roughly $1 trillion
- Vote on the Balanced Budget Amendment
- Special committee to recommend cuts of $1.8 trillion before Thanksgiving
- Automatic
across-the-board cuts go into effect, including cuts to Defense and
Medicare, if not approved by December
- No new tax revenue
National Journal is reporting a very similar deal.
If this is the deal, expect significant push back from Democrats.