NYT email I just received: Subject: News Alert: Obama and Boehner Close to Major Budget Deal, Offici

[gateley]

Breaking News Alert
The New York Times
Thursday, July 21, 2011 -- 1:10 PM EDT
-----

Obama and Boehner Close to Major Budget Deal, Officials Say

The Obama administration has informed Democratic Congressional leaders that President Obama and Speaker John A. Boehner were starting to close in on a major budget deal that would enact substantial spending cuts and seek future revenues through a tax overhaul, Congressional officials said Thursday.

With the government staring at a potential default in less than two weeks, the officials said the administration on Wednesday night notified top members of Congress that a bargain with Mr. Boehner could be imminent. The Congressional leaders, whose help Mr. Obama would need to bring a compromise forward, were told that the new revenue tied to the looming agreement to increase the debt limit by Aug. 2 would be produced in 2012 through a tax code rewrite that would lower individual and corporate rates, close loopholes, end tax breaks and make other adjustments to produce revenue gains.

Read More:

http://www.nytimes.com/2011/07/22/us/politics/22fiscal.html?hp&emc=na


EDIT! WH denying NYT report:

http://news.yahoo.com/obama-open-short-term-debt-fix-bi...

WASHINGTON (Reuters) - The White House denied on Thursday a New York Times report that President Barack Obama and Republican House of Representatives speaker John Boehner were close to a deal to cut the deficit and raise the debt limit.

"We are not close to a deal," White House spokesman Jay Carney said. Discussions were ongoing, he and other officials said.

**** Thanks to Tierra_y_Libertad for providing this info & link ****

[The Magistrate]

1. Forgive Me, Ma'am,, For Suspecting This Is Not Really Good News....

[gateley]

5. If you'll forgive me for suspecting the same thing. I'm leery of

what we're going to hear. :scared:

[SteveM]

11. That's why I started pulling SS at 62 yoa, instead of 65 yoa.

Regarding the GOP far right:

"The ol' Cracker thought a while, chewing his "tobacky," leaned forward in his creaking porch rocker, and loosed a brown stream some fifteen feet into an empty, now-wobbling coffee can. He wiped his brown-stained beard, sat back and gazed at his anxious grandson:

'Dem boy' in charge.'"

[Sarah Ibarruri]

2. I hate Repukes. nt

[gateley]

8. Something we can ALL agree on! They're traitors, IMO. nt

[Sarah Ibarruri]

26. They are literally the enemy of Americans and this country nt

[jtown1123]

3. This ISN'T good. I am terrified for what's in it...

[gateley]

6. I just said that to His Honor, but it's got to pass the House

and Senate and there are some strident voices there, so even when we hear the Plan, it's not over. I'm just grateful I got my blood pressure medication refilled yesterday -- seriously!! :hi:

[jtown1123]

9. They are all scared (like TARP) They know they have to pass something and the Pres is pushing this

so Dems will fall in line...

[theophilus]

4. Uhhhhhhhhh....hoo ray? I don't think this is going to be a really good

victory for anyone except the very rich. I hope I'm wrong.

[gateley]

7. I think many of us are a little hesitant to start clicking our heels,

we'll just have to wait and see what they present, and if it will pass.

[abelenkpe]

10. Substantial spending cuts and lower taxes

O yeah that should be good for the economy. :(

[AtomicKitten]

12. TPM: Boehner and WH deny big deal close.

http://talkingpointsmemo.com/wires/live_wire/live_wire.html#1005

[gateley]

19. As always, we won't know until we hear it from The Players themselves,

but boy, we're on pins and needles here! Tempus fugit!

[AtomicKitten]

27. I know exactly what you mean.

I've been fighting a full-on head explosion all day over this.

[progressoid]

13. Yeah, I just saw it on the Google. It made my stomach turn.

[Parker CA]

14. I'll go out on a limb and say that if true, Boehner has arranged for what he knows will pass his

side of the house, and that cannot be a good thing considering the absolute unwillingness of those sob's to compromise on anything. Our one hope will be for the senate to stop whatever makes it out of the house, if something does indeed make it out.

As a good friend would say...total fuckshow.

[gateley]

18. There are those in the House (Repubs) who swear they won't

vote on anything that even whispers "tax cut" so it may never make it to the Senate.

What a mess.

I totally hold the Republicans responsible. Little children playing games, only concerned about their win.

[LLStarks]

15. Dueling reports. Not sure whom to believe. nt

[gateley]

21. I know! Until we hear from The Man (or The Men) we're left

hanging. Don't know how soon after an "agreement" they can make a statement -- if they are going to run it by their people first.

Once again, we're on pins and needles.

[spanone]

16. it really doesn't matter what boehner & Obama come up with...it goes to the house

[ProfessionalLeftist]

17. Not according to this guy on Twitter:

http://twitter.com/RobertNisbet

White House: New York Times report is 'incorrect. There is no deal on raising the debt ceiling'

Repubs pouring cold water on NYTimes rpt that Obama/Boehner close to major budget deal. Speakers office: 'there is no deal and no progress"

[Snoutport]

20. so they are agreeing to fix it later?

[gateley]

23. Have no idea -- other reports saying the NYT bit is wrong, so...? nt

[Tierra_y_Libertad]

22. White House: not close to a deal on debt, deficit - Reuters

http://news.yahoo.com/obama-open-short-term-debt-fix-big-deal-004033685.html

WASHINGTON (Reuters) - The White House denied on Thursday a New York Times report that President Barack Obama and Republican House of Representatives speaker John Boehner were close to a deal to cut the deficit and raise the debt limit.

"We are not close to a deal," White House spokesman Jay Carney said. Discussions were ongoing, he and other officials said.

[gateley]

24. That was a fast denial -- glad they issued it. I'll amend my OP - thanks! nt

[slipslidingaway]

25. Disturbing ...

enact and seek.

"...The Obama administration has informed Democratic Congressional leaders that President Obama and Speaker John A. Boehner were starting to close in on a major budget deal that would enact substantial spending cuts and seek future revenues through a tax overhaul, Congressional officials said Thursday..."