Sunday, May 22, 2011

A Tea Party Nightmare: Republicans already caving on Debt Ceiling?

WASHINGTON (Reuters) – Top congressional Republicans on Sunday suggested they could compromise on the two biggest issues -- healthcare and taxes -- that stand in the way of a deal to get the United States' debt under control.

Representative Paul Ryan, the chairman of the House of Representatives Budget Committee, said he would "absolutely" be willing to negotiate with Democrats on his plan to control healthcare costs. 
Separately, Senate Republican Leader Mitch McConnell did not rule out a tax increase -- a contrast to other Republican leaders who have insisted that any deal to increase the country's borrowing authority must consist of spending cuts alone.

"We're not going to do the deal here this morning," McConnell said on Fox News, when asked if a deal could include revenue increases.