Originally published on Tue November 27, 2012 12:29 pm
A grand bargain, a compromise to avert the so-called fiscal cliff, could all come down to one word: revenue. It's now widely agreed that steering away from the cliff — the combination of spending cuts and tax increases set to hit at the start of the year — will require some combination of revenue increases and spending cuts. The central sticking point could well be whether President Obama and Congress can agree on the definition of revenue.
At the moment, the casual observer could easily get the sense that the president and Republicans in Congress are talking past each other.
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