Why the Debt Ceiling Talks Fell Apart

Why the Obama-Boehner Talks Fell Apart
by Keith Hennessey

The President backtracked in private negotiations this week, demanding bigger tax increases after the Gang of Six, including three conservative Republican Senators, released a plan that raised taxes more than the President had previously demanded.

Today’s press stories treat this as a detail. It is instead the key to understanding why the talks fell apart.

Read the whole thing.

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