Rep. Paul Ryan proposed a Republican budget blueprint that included caps on defense spending, a shift for his party that could provide a point of compromise with Democrats.
Despite the fact that the spending plans will be miles apart ideologically, there are signs that some sort of compromise might be possible.
After officially one week of forced spending cuts, we’ve seen no major changes, John Berman says. But “cuts are coming.”
House Speaker Boehner said he would continue to insist that the next debt-ceiling increase be accompanied by matching spending cuts, raising the prospect of a showdown when the borrowing limit expires this spring.