$3T deal on debt under wraps

President Obama and top House Republicans are deep in negotiations over a far-reaching plan to save $3 trillion over the next decade through sharp cuts in agency spending and politically painful changes to popular health and retirement programs, but without any immediate increase in taxes, Democratic congressional leaders Pelosi reported Thursday.

Since Boehner has the majority, Pelosi will need Reid to stop this. Reid does not like to be in the spotlight here, he wants to go home and start explaining to Nevada why their voters pay a 28% penalty on Federal taxes.