Now aides say neither side is considering a solution so large, in part because the nation's fiscal house is in better shape than two years ago thanks to the cuts and new taxes already implemented. "Democrats just fought for almost $700 billion of new revenue seven months ago," Rep. Kevin Brady, a member of the House Ways and Means committee, told TIME Wednesday. The White House would have to back off its steadfast opposition to negotiating over reopening the government or Congress raising the debt limit-a position adopted after two years of serial fiscal battles. "What he won't do is, as he just said, negotiate with the Republicans while they have the American economy held hostage in-and are trying to extort partisan demands from the economy, from the American people in return for reopening the government or in return for ensuring that we pay our debts," White House Press Secretary Jay Carney said Friday.
Source: http://feedproxy.google.com/~r/time/topstories/~3/TsL8-QiI8y0/
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