From ABC News:”ABC News’ Jonathan Karl (@jonkarl) reports:
Talks between House Speaker John Boehner and President Obama to raise the debt ceiling in conjunction with sweeping spending cuts and tax and entitlement reform have broken down. There will be no “grand bargain” to deal with the debt crisis and raise the debt ceiling.
This puts an end to a deal that would have cut spending by up to $3.5 trillion over the next 10 years and increased tax revenues by close to a trillion dollars.”
With MANY THANKS To Both ABC And Jonathan Karl. Read More Here:\”No Deal: Debt Ceiling Talks Between Obama, Boehner Break Down\”