New Debt Plan Gains Support

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New Debt Plan Gains Support
President Obama "seized on the re-emergence of an ambitious bipartisan budget plan in the Senate on Tuesday to invigorate his push for a big debt-reduction deal, and he summoned Congressional leaders back to the bargaining table this week to 'start talking turkey,'" the New York Times reports.

"The bipartisan proposal from the so-called Gang of Six senators to reduce deficits by nearly $4 trillion over the coming decade -- and its warm reception from 43 other senators of both parties -- renewed hopes for a deal days after talks between Mr. Obama and Congressional leaders had reached an impasse."

Mark Halperin: "There are still thousands of ways the whole thing can fall apart, but we are back to the basic scenario where five men have to agree to a plan (Obama, Boehner, Cantor, Hoyer, and Reid), get a big bipartisan Senate vote, and then scramble to get a bipartisan House majority. If it happens, the president's tactical maneuvering (from his winter budget onward) will look pretty clever."

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