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Dems Signal 'Grand Bargain' On Debt Ceiling Still Possible

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Newscom

Now substantively, this isn't quite right. All reporting and evidence suggests Obama's grand bargain would cut the big three entitlements. But the message for us viewers is that a big deal is still possible -- contingent on GOP leaders agreeing to it at their own White House meeting, which is still ongoing.

This could all be just a subtle way of putting the squeeze on Republicans with a debt default looming. That practically defies the clock, and, returning from the White House, Senate Majority Whip Dick Durbin (R-IL) said Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY) are still putting together their backup plan. But maybe it truly is a backup plan.

We'll update you when we know more.