12:17 PM
Julio Barreto
Now that President Barack Obama is more directly involved in the discussions to negotiate an agreement on deficit reduction, the pressure is building on all sides to bend before the nation’s debt ceiling needs to be lifted more than a month from now.
House Majority Leader Eric Cantor’s (R-VA) decision to abruptly pull out of the talks in objection to potential tax increases does more to absolve him of any responsibility for an agreement he and his conservative allies oppose than it does to bring both parties closer together. Cantor can read the writing on the wall. House and Senate Republicans have expressed a willingness to explore the elimination of corporate tax loopholes and cuts to defense spending in order to reach a compromise with...
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