“Republicans won’t accept further tax increases in coming budget and debt negotiations, the party’s Senate leader said Sunday, putting GOP lawmakers on a collision course with Democrats over raising the government’s borrowing limit,” the Wall Street Journal reports.
Democrats are signalling they want “to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending,” The HIll reports.
The Cloakroom: When everything is off the table.