The Associated Press reports the White House and House Republicans have identified areas of significant overlap that could form the basis for an agreement after posturing gives way to actual bargaining.
The Wall Street Journal: GOP Deficit Plan Irks Conservatives
The conservatives' attitude could nonetheless complicate Mr. Boehner's mission as he strives to negotiate with a re-elected Democratic president without losing so many Republican votes that his leadership would be in peril. GOP leaders said the criticism underscores how much Mr. Boehner's proposal was an attempt at compromise, while Mr. Obama's proposal, which would raise $1.6 trillion in new taxes, was not (Bendavid and Lee, 12/4).
The Associated Press/Washington Post: Hot Rhetoric Aside, There's Overlap In Competing Fiscal Offers That Could Form Basis Of A Deal
Both sides now concede that tax revenue and reductions in entitlement spending are essential elements of any deal. If the talks succeed, it probably will be because House Speaker John Boehner yields on raising tax rates for top earners and the White House bends on how to reduce spending on Medicare and accepts some changes in Social Security (12/4).
Los Angeles Times: Republicans Drop Ryan Budget Plan In 'Fiscal Cliff' Negotiations
The austere federal budget plan drafted by Rep. Paul D. Ryan and embraced by Republicans as a sweeping reimagining of government has hit a roadblock on the way to the so-called fiscal cliff. Top Republicans, including Ryan, insisted this was not the end of the plan and pledged to "support and advance" its principles. But by sidestepping the plan, the House leadership sidelined the push for a transformative overhaul of federal entitlements -; a move that quickly sparked dissent from the party's conservative wing (Mason and Mascaro, 12/5).
The Washington Post: Governors Urge Obama, Lawmakers To Avoid 'Fiscal Cliff'
Although some federal programs especially key for states -; notably Medicaid -; are exempt, many other federal grants to states would be cut. The Pew report said 18 percent of federal grant money would be subjected to the automatic hit. That includes Title I funding, which covers education programs for the poor and the disabled, medical research money, and health and human resource programs (Fletcher and Helderman, 12/4).