Monday, July 11, 2011
HCR Update fromMark Sanna: Political leaders retreated to hard-line positions Sunday after talks to reach a comprehensive deficit reduction deal sought by President Barack Obama effectively broke down over Republican resistance to tax increases. House Speaker John Boehner said Saturday that the insistence by Obama and Democrats on raising revenue through higher taxes prevented any chance that Republicans could support a major deal that also would cut spending and reform entitlement programs such as Medicare.
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