President Obama Gingerly Embraces Ideas Behind Gang of Six (Seven) Deficit-Reduction Plan

President Obama says a deficit-reduction proposal unveiled today by a bipartisan group of seven senators is "good news" in the ongoing showdown over the debt limit, and may signal a path to compromise. "I think is a very significant step," Obama told reporters in the White House briefing room. "The framework they put forward is broadly consistent with what we've been working on at the White House." The proposal calls for both cuts to entitlement programs and tax increases, a two-pronged...Full Story
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