House Speaker John Boehner is working to change the government?s spending habits, but as he twice approached a $4 trillion deficit-reduction deal with President Barack Obama, the 61-year-old West Chester Township Republican was reeled back in by his caucus? conservative wing, Hamilton Journal-News reported.
The Tea Party-fueled group forced Boehner to abandon a ?grand bargain? with Obama and made him move Wednesday to secure the votes for a more modest deficit-ceiling plan.
Obama and Boehner were close to a compromise that would have cut spending by about $3 trillion over 10 years.
Source: http://feeds.bizjournals.com/~r/bizj_cincinnati/~3/FowDSR1LuIE/boehner-obama-were-close-to-deal-now-mov.html
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