Presser underway now. Does not sound like they will fold.
Well, that is a relief. There was really no reason at all to cave. Obama had the tax cuts and the sequester was his idea of a balanced approach. No public pressure because this was presumably what people voted on in November.
For the first time we have the upperhand. O already got his 1% tax hike so he has lost that political capital. That argument has lost its power.
We have another debt ceiling hike coming up and now the GOP has laid the precedent that the WH has to give something in return for that.
The landscape has changed.