Did Joe Biden mis-speak?

Vice President Joe Biden said Tuesday that new revenues need to be part of any agreement with Republicans on legislation to raise the limit on how much money the government can borrow to continue to meet its obligations.

The vice president also said talks were on pace to produce deficit cuts exceeding $1 trillion and that the talks would extend to procedural mechanisms known as "triggers" to force further automatic deficit cuts to bring the total to $4 trillion if lawmakers were unable to come up with the savings in future legislation. AP

"I am confident that we can achieve over a trillion dollars in savings at this point, and hopefully more," Cantor said.