NEWSMAX: House Speaker John Boehner predicted Thursday that a majority of House Republicans will end up supporting some kind of compromise to avoid a government default. Democrats insisted that higher tax revenue be part of a deal.
White House budget chief Jacob Lew told reporters at the Capitol that “I’m unaware of a deal” between President Barack Obama and congressional Republicans and he repeated that “we’ve made clear revenues have to be included.”
All sides pushed against media reports that Obama and House Speaker John Boehner, R-Ohio, were near an agreement on a grand bargain trading $3 trillion or so in spending cuts and a promise of $1 trillion in tax revenues through a later overhaul of the tax code as part of a deal to extend the government’s borrowing authority… (more)
EDITOR: The House Republicans read the polls which showed how unpopular their uncompromising no revenue enhancement stance was to the public.
