Editorial Board

Three Steps Toward a Grand Bargain on the Federal Budget: View

Prompted by the looming expiration of the debt ceiling, President Barack Obama and both parties’ congressional leaders say they have made progress on a deal that sets the course for shrinking the federal budget by $4 trillion over 10 years, with a mix of tax increases and spending cuts, including from the big entitlement programs. Also on the table is an overhaul of corporate and individual taxes.

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