Sounds like Boehner and McConnell are getting ready to bend over and take what the Prez and Democrats give them. Seeing as they have done this many times before it shouldn't hurt near as much as it has in the past. So goes the current Republican leadership.
And of course they could be saying this because they all know if they say otherwise the market will take another steep dive. Look what's happen with just the word "consturctive". Might we see plus double-digit numbers with 2 words?
Against my better sense of reality I hope it really turns out to be something we can all live with. A true compromise.
It's a good sign in mho. There are many ways to skin the cat. tax increase for the rich means a lot of things; long as the effective tax rate goes higher and the "rich" pay their fair share (rich may be redefined as $500K a year instead of $250K.) Meanwhile, raise or eliminate payroll tax cap should extend social security even further into the future. Reduce military spending after Iraq and Afghan wars. De-fund some of the federal departments and social programs...