WASHINGTON (AP) — Senate Republicans are showing far more flexibility than their tea party-backed House colleagues as Washington policymakers seek to steer the government away from a first-ever default on its financial obligations.
As the House doubled down on a symbolic vote to condition any increase in the government's borrowing authority on congressional passage of a balanced budget constitutional amendment and a fresh wave of spending cuts, the warm reception by many Senate Republicans to a new bipartisan budget plan revealed a thawing in GOP attitudes on new tax revenues.
President Barack Obama also lauded the deficit-reduction plan put forward by a bipartisan "Gang of Six" Senate lawmakers, which calls for well over $1 trillion in what sponsors delicately called "additional revenue" and some critics swiftly labeled as higher taxes.
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