House GOP Considers Four Year Debt Limit Deal

January 15, 2013

House GOP Considers Four Year Debt Limit Deal

House Republicans are weighing an increase in the national debt limit for four years in exchange for big spending and entitlement cuts, Roll Call reports.

"The plan would, however, come at no easy price for Obama, who pledged as recently as Monday morning not to negotiate with Republicans on a debt ceiling hike. Republicans would demand major tax and entitlement reforms -- the latter of which has been anathema to many Democrats -- and they could also ask for movement on the sequester and an expiring continuing resolution that must be dealt with in the next three months."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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January 15, 2013