White House, Congressional Leaders Close To Budget And Debt Ceiling Deal

TPM reports:

A deal between the White House and congressional leaders that would raise the debt ceiling and include two-year spending legislation could be announced as soon as Monday evening, anonymous sources told The Hill.

“Hopefully we’re able to announce something this evening,” an unnamed Senate source said, according to The Hill. The Hill report said that word of the deal had reached sources on the House GOP appropriation staff, and it would possibly be brought up at the Monday Republican leadership meeting.

After The Hill report was published, CNN also reported some details of the potential deal. Sources told CNN the debt ceiling would be raised through the 2016 elections and the spending legislation will lift previous budget caps while including new cuts to counter the increases in spending.

The New York Times also has reported on the deal discussions and said "officials briefed on the negotiations said the emerging accord would call for cuts in spending on Medicare and Social Security disability benefits."

2 parties: one ideology. More spending.