WebJul 11, 2011 · Before the grand bargain broke down, Democrats had demanded that $1 trillion in revenue increases be coupled with $3.5 trillion in spending cuts. About $300 billion of that would have come from ending corporate tax breaks and another $700 billion would’ve come from letting some of the Bush tax cuts for the wealthiest Americans expire. WebNov 16, 2012 · Congressional leadership aides say Obama and Boehner will pick up where they left off in the summer of 2011, when they almost sealed a deal to cut hundreds of billions from Medicare and Medicaid ...

Showdown scars: How the $4 trillion ‘grand bargain’ collapsed

WebJul 11, 2011 · Obama and Boehner will resume talks today after failing to sell their $4 trillion “grand bargain.” Howard Kurtz Updated Jul. 13, 2024 7:12PM ET / Published Jul. 11, 2011 12:36AM ET WebDec 22, 2012 · President Obama, conceding that a “grand bargain” for deficit reduction with Speaker John A. Boehner is unlikely, called for Congress to approve a more modest … henry everard

With Clock Ticking, Washington Debt Talks Move Beyond a Grand Bargain …

WebThe grand bargain was an attempted political compromise during the 2011 budget debates in the United States Congress. Lawmakers were under pressure to pass a budget before … WebJul 23, 2011 · The proposed deal would come with nearly $1.7 trillion in spending cuts, including significant concessions from Democrats on entitlements such as raising the Medicare eligibility age from 65 to 67 … WebJul 7, 2011 · Obama plans to propose cuts to Social Security as part of "grand bargain," to cut deficit by $4 trillion over 10 years ... Any major deal, whether it's for $2 trillion in cuts or $4 trillion in ... henry ev