Yes, There's A Budget Deal In The Works

Last Friday, signs suddenly emerged that Republicans and Democrats want to complete a budget deal, or so I argued. Josh Barro disagrees — or, at least, thinks he disagrees. The whole discussion is enshrouded in terms with specific meaning to the negotiators, but with a vagueness meant to protect them from fallout, enveloping the debate in confusion. Let me simultaneously correct Barro’s confusion while explaining the state of play.

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