First details I’ve seen. Just posted on Politico:
http://www.politico.com/news/stories/0711/59780.html
I suspect Reid will get an earful from the libs if there are no tax increases. Most likely it will be like Zero Hedge says... backloaded spending cuts that won’t materialize and no tax cuts. Essentially a debt ceiling raise with no cuts. Will be interesting to see the reaction of S&P and Moody’s.
Boehner and Majority Leader Eric Cantor (R-Va.), according to several sources on the call, implored his colleagues to “stick together” to enact a budget deal that they can support. Boehner said an agreement “will require some of you to make sacrifices.”
In otherwords, Freshman GOP...BOHICA