White House Debt Talks Another Chance For A Deal
http://www.npr.org/2011/07/10/137742792/gop-relents-over-debt-talksAfter weeks of fruitless talks, House Speaker John Boehner appears to have thrown in the towel in the contentious fight over the federal deficit and the nation's debt limit. House Republicans abandoned efforts for a massive deficit reduction package of $4 trillion over 10 years — a potential deal that had unnerved partisans from both political parties.
In a statement issued Saturday night, Boehner announced he was now looking for a deal about half that size, saying chances for the bigger agreement succumbed to White House insistence on substantial new tax revenue. Before a White House negotiating session Sunday evening, administration officials said Obama would press for the bigger bargain one last time.
Boehner will be among congressional leaders who will meet with President Obama as the negotiations resume. NPR's Mara Liasson tells Weekend Edition Sunday guest host Linda Wertheimer that it was members of his own party that changed Boehner's mind.