Potential seen in ‘grand bargain’

White House weighs broad deal to avoid deep cuts, officials say

Posted: January 6, 2013 at 5:45 a.m.

The White House is looking at a return to the “grand bargain” it tried to reach late last year with House Speaker John Boehner as perhaps the best hope of defusing a fresh threat to the U.S. economy in just two months, according to people familiar with the discussions.

Obama, GOP Outline Debt Limit Debate

President Barack Obama said he "will not compromise" over his insistence that Congress lift the federal debt ceiling. The nation's credit rating was downgraded the last time lawmakers threatened inaction on the debt ceiling, in 2011. (By The Associated Press)
[View Full-Size]

This story is only available from our archives.

Front Section, Pages 4 on 01/06/2013


« Previous Story

4 dead in gunfire, standoff

Police work Saturday outside a townhouse in Aurora, Colo., where a man had barricaded himself in and held police at bay for nearly six hours.

A gunman barricaded inside his Colorado home fired shots at police from a second-story window before he was ki... Read »

Next Story »

General writes of Obama, Pentagon rift

In a long-awaited memoir, Gen. Stanley McChrystal, the former U.S. commander in Afghanistan, wrote that tensions between the White House and the Pentagon were evident in th... Read »