A lot of news hitting on the budget front. Make sure you read Joe's piece about this grand bargain, and Gaius' piece suggesting the President actually wants even MORE cuts. Brian Beutler:
A Congressional aide briefed on ongoing negotiations between House Speaker John Boehner and President Obama says the two principals may be nearing a "grand bargain" on to raise the debt limit which would contain large, set-in-stone spending cuts but only the possibility of future revenue increases.
"All cuts," the aide said. "Maybe revenues some time in the future."
