In it, but not of it. TPM DC

Boehner Abandons 'Grand Bargain' Talks Over Tax Hikes

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Newscom

Boehner's statement indicates that there is room for a much narrower spending cut bill based on work done by a group led by Vice President Joe Biden.

"I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase," Boehner said.

Additional reporting by Brian Beutler.